Back in 1998, the French computer manufacturer and systems integrator, BULL unearthed an ugly truth. A shocking truth.
Around 75% of IT projects were failing.
Since then, project methodologies, the emergence of PPM software and the professionalization of both project management and portfolio management have all played their part in reducing the failure rate to around 36%. At Gartner’s PPM Summit in London, Donna Fitzgerald, Gartner Research Vice President, gave the industry a giant pat-on-the-back.
But her message didn’t end there, I’m afraid. This 36% percent failure rate has been essentially static for several years now. Her conclusion?
Traditional PPM / project implementation improvements have gone as far as they can and we, as an industry, must look elsewhere for performance improvements... and number one on Gartner’s list is project prioritization.