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