We have billions of £s being spent in IT projects, but an Axelos report suggests that 40% of these are on course to fail – so what do we need to do to improve the odds of success.
They’ve identified the main issues as:
- significant changes to the project brief (45 per cent);
- unrealistic timeframes (41 per cent);
- an incomplete understanding of the risks (48 per cent);
- projects not resourced with the right people (42 per cent);
- lack of a clearly defined goals (49 per cent), and
- overrun budgets (32 per cent)
But note, Axelos was set up to develop, manage and operate qualifications in project management methodology – so maybe a bit of vested interest in pushing for greater structure to project management.