Why Klarad makes sense for your firm.
Failed Projects have the potential to ruin companies and careers.
- In 2011, the CHAOS Manifesto, an annual report from The Standish Group that examines trends in software project success, found that that 63% of all projects fail, in that they were delivered late, over/under budget, without required features and functions.
-In 2008, Stratmor (a consulting and investment advisory firm in the US Mortgage industry) surveyed executives in the US mortgage industry and determined: Only 11% of projects were "successful" (on-time, on-budget, with full expected value), 78% of projects were "challenged" (i.e. late, over-budget, or reduced benefits, or a combination of all three) and 11% of projects were cancelled or abandoned.
-In August 2007, the Tata Consultancy Service released the following data [Section 3.6]: 73% of IT managers say they personally have been affected in a negative way as a result of IT projects not going according to plan, 14% of IT managers say their career prospects have been compromised as a result of IT projects not going according to plan.
Many similar statistics across multiple sources can be found on the Internet that align with those above. What can be gained is as follows; all projects remain a challenging endeavor. For a project to succeed, it must be staffed with dedicated and competent individuals. This includes Sponsors, Team Members and especially Project Managers. Klarad can provide the experienced Project Leaders, train your Project Team and lead you to success.