Project Management | Risks & Remedies

With TruePlanning® by PRICE Systems, your estimating accuracy will increase project profitability, ROI, and success. Close enough is no longer good enough! TruePlanning arms you with that confidence. Bias is eliminated. So is guessing. And you can estimate in a fraction of the time you are spending now.

Risks

47% of PPM users do not track projects centrally
 
Missing functionality along with cost overruns and delays are the main culprits in project failures
 
67% of large cancelled projects were cancelled after 50% of the work was complete
 
High performing organizations are far more likely than low performers to use formal methods and tools for evaluating size and technical complexity
 
81% of PPM tool users are interested in applying pre-determined methods to screen and prioritize investments-42% do so
 
57% of PPM users do not have criteria to define project success
 
"Scope creep certainly influences the completion rates and must be vigorously managed across all project sizes"
 
33% of PPM tool users say they never established baselines to quantify impact and results
 
30% say IT project scope changes too often to practically track financial benefits
 
The most significant challenge to organizations in developing defensible cost estimates are a lack of data needed for estimating
 
30% say business and strategy decision-makers lack good knowledge of IT
 
There is a direct correlation between improved organizational performance and increased cost management maturity
 
36% of PPM tool users say lack of mutual respect and understanding makes business executives misuse ITPM to generate reasons for not spending on IT
 
There is a significant difference in usage of structured cost estimating processes between high performing organizations and low performing organizations