Projects do not become troubled overnight. Most of us have seen projects take the slippery slope from "green" to "yellow" to "red," and along the way, there are plenty of warning signs that can help you avoid failure. By not addressing early warning signs, you are setting yourself up for failure.
Here’s a preview of the findings of our 2024 research report, The Adaptive Organization: A Benchmark of Changing Approaches to Project Management: It’s all good.
PricewaterhouseCoopers (PwC) unveils a startling fact: 20% of 10,000 projects fail to achieve half their intended goals. Gartner amplifies this concern, noting that 51% of projects fail to meet their targets, while KPMG reports an alarming 50-60% project failure rate.
Remote work arrangements are becoming increasingly common. In 2023, a substantial 12.7% of full-time employees worked from remote locations. Interestingly, this trend is expected to continue, with projections indicating that the number of remote workers in the United States will reach 32.6 million by 2025.
Did you know that a staggering 9 out of 10 leaders admit their projects fall short of achieving maximum project profitability? It’s a sobering reality—one that echoes across boardrooms and project teams alike.
Have you ever witnessed the domino effect of a missed deadline in the fast-paced world of business? The team is thrown into disarray, progress stalls, and targets fall by the wayside. Essentially, the ball is dropped.
Isn’t it surprising how project management scope creep continues to derail even the most meticulously planned modern projects? Many technology projects fail to meet expectations, resulting in substantial losses for the companies that initiate them.
Have you ever found yourself staring at yet another project that’s veering dangerously off course, wondering, “How did we get here again?” If you’re a seasoned project leader, this scenario probably sounds all too familiar.
A few weeks ago in Atlanta, GA, PMI’s Global Summit boasted many presentations and discussions around how Artificial Intelligence will shape projects … and project managers … in the near future. Nearly everyone I met had AI on their minds, some with delight—others with trepidation.
Imagine your project as a constantly shifting jigsaw puzzle, where each piece plays a vital role. As a project leader, your responsibility is not only to assemble this intricate puzzle but also to ensure that every piece fits seamlessly, creating the picture of success.