For decades the project management profession has been emphasizing the need for sound methodology and comprehensive project management processes as being key to success. Additionally, change management and high performing teams have emerged as critical contributors to success. Indeed, the rate of project success has improved over the years, but the return on information technology (IT) driven business transformation projects is still disappointing many boards of directors.
Of all IT-based business projects surveyed in the Standish Group’s 2009 Chaos Report, only 32% actually delivered the original project objectives on time and within budget. Twenty-four percent (24%) of projects failed completely, while 44% delivered a partial success, meaning they fell short of expectations in terms of the project scope, budget, and time line.