Project failure statistics
$150B
The failure of IT costs the U.S. economy about $50-$150 billion annually
17%
17 percent of IT projects go so badly, they threaten the existence of the company.
McKinsey & Company in conjunction with the University of Oxford
40%
Just 40 percent of projects at IBM meet the company's three key goals (schedule, budget, and quality).
50%
The failure rate of projects with budgets over $1M is 50 percent higher than the failure rate of projects with budgets below $350,000.
How is TrueProject different?
Typical project management tools don’t address the core problems that are subjective or human factor related, and most information is not forthcoming on impending problems until it’s too late. But, through the automation of management information discovery, TrueProject provides clear and immediate visibility into project status, while predicting project outcomes to keep you clear of potential problems while there is time to solve them.
Product comparision
"Project success is defined by achieving the desired business value within the bounds of competing constraints. The six categories here depict the component areas that are necessary to achieve this success."
Kerzner, Harold. Project Management 2.0. Wiley, 2015.
|
|
Microsoft Project |
Oracle Primavera |
Brightwork |
Wrike |
ServiceNow |
CA Clarity |
||
Project Leadership |
PM Best Practices |
 |
 |
 |
 |
 |
|
|
|
Corrective Recommendations |
|
|
|
|
|
|
|
|
Project Governance |
PPM Project/Portfolio Selection |
|
|
|
|
|
|
|
| Project Methodology and Process Compliance |
|
|
|
|
|
|
|
|
| Phase Gate Measurement |
|
|
|
|
|
|
|
|
| Deliverables Verification |
|
|
|
|
|
|
|
|
Project Metrics |
Metrics, KPIs and EWS Selection |
|
|
|
|
|
|
|
| Team Input Linked to KPIs/EWS |
|
|
|
|
|
|
|
|
| Continuous Stakeholder Input |
|
|
|
|
|
|
|
|
Stakeholder Feedback |
Scheduled Assessments to all Project Stakeholders |
|
|
|
|
|
|
|
| Triggered Assessments |
|
|
|
|
|
|
|
|
Continuous Status Monitoring |
Dynamic Project Dashboards |
|
|
|
|
|
|
|
| Configurable Displays and Alert Thresholds |
|
|
|
|
|
|
|
|
Team Collaboration |
Direct Input to PM from Team Members |
|
|
|
|
|
|
|
| Issues Logging and Tracking |
|
|
|
|
|
|
|
|
TrueProject Insight"Project success is defined by completion of the project within the triple constraints of time, cost and scope. These comparison items represented here are what PMOs deem appropriate to achieving success. They are ranked in eleven areas according to what is important to PMOs in order to achieve success."
Brian Hobbs, P. (2010). The Project Management Office (PMO): A Quest for Understanding.
|
PMO Priority |
|
Microsoft Project |
Oracle Primavera |
Brightwork |
Wrike |
ServiceNow |
CA Clarity |
|
| Report Project Status Inform project owners and upper management |
83% |
|
|
|
|
|
|
|
| Implement a Standard Methodology Ensure all projects follow a proven standard |
76% |
|
|
|
|
|
|
|
| Monitor & Control Performance Are projects performing efficiently? |
64% |
|
|
|
|
|
|
|
| Serve as a Project Information System Provide real-time, historical, & trending analytics |
60% |
|
|
|
|
|
|
|
| Provide Advice to Management Alert users to problems & guide them to solutions |
60% |
|
|
|
|
|
|
|
| Act as a Project Scoreboard Consistently compare project performance |
48% |
|
|
|
|
|
|
|
| Assist Project Managers Give PMs feedback on improving their projects |
49% |
|
|
|
|
|
|
|
| Manage One or More Portfolios Allow for flexibility in how projects are organized |
48% |
|
|
|
|
|
|
|
| Conduct Project Audits Check into project health at any time |
44% |
|
|
|
|
|
|
|
| Monitor & Control PMO Performance Provide info and feedback across the portfolio |
40% |
|
|
|
|
|
|
|
| Develop Competency of Personnel Guide and train those involved with the project |
64% |
|
|
|
|
|
|
|