IBM survey of the success rates of “change” projects (October 2008) finds:
- Only 40% of projects met schedule, budget and quality goals.
- Best organizations are 10 times more successful than worst organizations.
- Biggest barriers to success listed as people factors:
- Changing mindsets and attitudes – 58%.
- Corporate culture – 49%.
- Lack of senior management support – 32%.
“Since 2008, the percentage of projects that project managers say have met their original goals and business intent has declined 10 percentage points (from 72% in 2008 to 62% in 2012).” (©2013 Project Management Institute, Inc. Pulse of the Profession™, March 2013.)
Logica Management Consulting and the Economist Intelligence Unit studied success rates for business process change projects across widely different industries:
- 35% of organizations abandoned a major project in the last 3 years.
- 37% of business process change projects fail to deliver benefits
KPMG New Zealand survey of Project Management practices in December 2010:
- Survey shows 70% of organizations have suffered at least one project failure in the prior 12 months.
- 50% indicated that their project failed to consistently achieve what they set out to achieve.