When it comes to managing IT projects, many organizations struggle with dysfunction that leads to costly delays and budget overruns. According to a study by the Project Management Institute (PMI), only 64% of IT projects are completed on time and within budget. Additionally, 14% of IT projects are considered complete failures, meaning they are either cancelled before completion or fail to meet their objectives. And those statistics are way too positive. In fact PWC state that only 2.5% of companies can complete 100% of their IT Projects successfully.
None the less, these statistics paint a bleak picture of the state of IT project management, but it’s important to remember that these issues can be addressed and resolved. In order to do so, it’s important to first understand the root causes of dysfunction.
One major issue is a lack of clear project goals and objectives. Without a clear understanding of what a project is trying to achieve, it’s difficult for team members to stay focused and motivated. Additionally, without clear objectives, it’s difficult to measure progress and determine if a project is on track.
Another issue is poor communication and collaboration among team members. When team members are not on the same page, it can lead to confusion, delays, and rework. This can also be exacerbated by siloed departments or a lack of clear roles and responsibilities.
Finally, a lack of oversight and accountability can also contribute to dysfunction. Without proper oversight, it’s difficult to ensure that projects are on track and that issues are addressed in a timely manner. Additionally, without clear accountability, it’s difficult to determine who is responsible for delays or budget overruns.
While the statistics on IT project management dysfunction may seem daunting, it’s important to remember that these issues can be addressed and resolved. By setting clear project goals and objectives, improving communication and collaboration, and implementing oversight and accountability, organizations can improve the success rate of their IT projects.
As an IT Project Management professional, I have experience in addressing these issues and can help your organization to improve the success rate of your IT projects. If you’re struggling with dysfunction in your IT project management, don’t hesitate to reach out to me to book a call or drop a line to me on LinkedIn. Together, we can create a plan to turn things around and deliver successful projects that meet your organization’s needs.