According to The Standish Group (www.standishgroup.com), a major IT research institution, only 34% of IT projects are completed on time and within budget. Standish estimates that 51% overrun their schedules and surpass their budgets while 15% are cancelled. Although these findings show vast improvement from their first study in 1994, the rates are still alarming.
Project management experts recognize 5 main challenges that might prevent your projects from a successful completion.
This white paper talks about different ways to get honest project status updates.