The number of technology projects failing worldwide has increased significantly to now be at its worst point in the past decade. From more than 30,000 projects surveyed globally by the US-based Standish Group, only 32 percent were considered successful. “These figures are truly alarming, not just to CIOs but to anyone involved in business,” says Iain Fraser, Project Plus group managing director.
He says projects are more complex in scope and require greater funding , which increases organisational risk. “Having clear understanding of your project management capability is vital to reduce risks of failure and to get the best out of your resources and budget.”
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