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Nguyen

This picture, while funny, is far from being exaggerated. According to several studies, projects, especially IT ones, have an average cost overrun of 200% and a schedule overrun of 70%. The United States economy loses $50-$150 billion per year due to failed IT projects. In 2013, less than one third of all projects were completed successfully.

Reasons of why projects fail range from poor communication, poor planning, and unaligned, lack of teamwork. However, would anyone, especially owners, go into a project knowing that it will fail? Probably not. Only reason someone goes into a failed project is because they didn’t know and they are only doing their best. That’s why we need true experts who can understand projects more than the owners, know how projects should be handled from beginning to end, and can delegate works to the right people. Experts should also know how to help everyone sees the complex reality by lowering the amount of communication needed into dominant information and performance metrics only.

 

Source

http://hbr.org/2011/09/why-your-it-project-may-be-riskier-than-you-think/ar/1

http://businessjournal.gallup.com/content/152429/cost-bad-management.aspx#1

http://www.coreworx.com/pmi-study-reveals-poor-communication-leads-to-project-failure-one-third-of-the-time/

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