It’s a pretty known fact that some 50% of projects come in over time and over budget. And lots of them get stranded out there and don’t come in at all. In the IT industry this is around 73%.
Yet, somehow project management fails to receive due attention from executives as a key competence to achieve and sustain long-term organisational success.
In September 2009, The Economist Intelligence Unit, sponsored by Oracle, surveyed 213 senior managers and executives on project management.
Most respondent recognise the importance of project management, but for some reason, only some 33% believe they are good at it.
While companies know they have a problem, they don’;t know how to address it.
You can download the full report, entitled Closing The Gap: The Link Between Project Management Excellence And Long-Term Success.
Enjoy!