- Jun 2018
Fewer than a third of all projects were successfully completed
Sometimes there are "political" reasons for understating the budgeted cost of infrastructure projects to "influence" voter confidence in new expensive projects. That said, is a failure rate of 33% indicative of poor project management in determining budget or scope or is this the industry standard for risk failure?
An astounding 97% of organizations believe project management is critical
Interesting statistic given that half of all project management offices close within three years (see statistic above.) Are these estimates reliable?