sg project pro seeing all projeccts at once

#Sg project pro seeing all projeccts at once software#

After comparing budgets, schedules, and predicted performance benefits with the actual costs and results, we found that these IT projects, in total, had a cost overrun of $66 billion, more than the GDP of Luxembourg. On the more than 5,400 projects that were in the database as of June 2012.īy McKinsey and the BT Centre for Major Programme Management at the University of Oxford. IT projects are continually added to the database.

These findings-consistent across industries-emerged from research recently conducted on more than 5,400 IT projects 2 2.

#Sg project pro seeing all projeccts at once software#

Software projects run the highest risk of cost and schedule overruns 1 1.įor another cut of the data-one focused on all IT projects in the database (not just the large ones)-see Alexander Budzier and Bent Flyvbjerg, “Why your IT project may be riskier than you think,” Harvard Business Review, September 2011. On average, large IT projects run 45 percent over budget and 7 percent over time, while delivering 56 percent less value than predicted. Our research, conducted in collaboration with the University of Oxford, suggests that half of all large IT projects-defined as those with initial price tags exceeding $15 million-massively blow their budgets. As IT systems become an important competitive element in many industries, technology projects are getting larger, touching more parts of the organization, and posing a risk to the company if something goes wrong.