About Project Failures

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.

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