Project and Programme Failure Rates
During a recent trip to the British Library I thought I would take a quick look at the recently published Standish CHAOS Survey to see if we are improving our project and programme delivery failure rates.
I have to say the results of my investigation were very positive:-
Note – In 2000 in the US, the spend on IT application development is approximately $250 billion and represents some 175000 projects. The average cost of a development project for a large company is $2,322,000; for a medium company, it is $1,331,000; and for a a small company, it is $434,000
The survey’s most important conclusions were that recorded project & programme failures occurred for the following reasons:-
• Insufficient board-level support
• Weak leadership
• Unrealistic expectations of the organisational capacity and capability
• Insufficient focus on benefits
• No real picture (blueprint) of the future capability
• Poorly defined or poorly communicated vision
• The organisation fails to change its culture
• Insufficient engagement of stakeholders
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