Did you know that a Harvard Business Review report found that a staggering one in six IT projects experiences a cost overrun of 200% and a schedule overrun of 70%? These delays and budget balloons can cripple any endeavor, leaving leaders scrambling to salvage the situation. The good news?
Managing project risks. It isn’t an exciting or pleasant topic, you think? As a project leader, your foremost responsibility is to anticipate and mitigate potential pitfalls that could derail your projects. It's about facing the uncomfortable reality: what could possibly go wrong?
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.
In a fast-paced world of project management, challenges are not just common—they're expected. Yet, it's not the challenges themselves that define success; it's how we respond to them.
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.
Struggling with spreadsheets and deadline nightmares? You're not alone. According to a recent Stanford study, 70% of project managers battle stress and burnout due to project complexities and unpredictability.
Every project manager envisions a smooth journey from project initiation to completion, free from delays and budget overruns. Unfortunately, reality often falls short of this ideal.
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.
Taking charge of a project is an exciting responsibility! Before diving into the actual work, it's crucial to establish a comprehensive project plan.
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.