Four reasons why project deliveries fail

New Thinking 7 March 2017 Madhusree Bandyopadhyay

In the IT industry, failures are sometimes ignored and sometimes rationalised. So we keep making the same mistakes repeatedly. Several industry studies indicate that serious problems exist across a broad cross-section of industries. Here are the top four of the heap:

Technology over people

IT projects are usually viewed as a technology problem and the people factor is often ignored. On average, large IT projects run 45% over budget and 7% over time, while delivering 56% less value than predicted. If there was more stress on how people could work together more effectively, the organisation will increase its implementation success, create better relationships and maximise its ROI.

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The statistics used above are from a 2012 report released by McKinsey & Company and the University of Oxford.