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Project failure statistics

$150B

The failure of IT costs the U.S. economy about $50-$150 billion annually

Harvard Business Review

 

17%

17 percent of IT projects go so badly, they threaten the existence of the company.

McKinsey & Company in conjunction with the University of Oxford

40%

Just 40 percent of projects at IBM meet the company's three key goals (schedule, budget, and quality).

IBM

50%

The failure rate of projects with budgets over $1M is 50 percent higher than the failure rate of projects with budgets below $350,000.

Gartner

57%

57 percent of projects fail due to communications breakdown.

IT Cortex

75%

Three-quarters of projects fail because senior management doesn’t get involved.

Capterra

How does Advanced Management Insight help?

Typical project management tools don’t address the core problems that are subjective or human factor related, and most information is not forthcoming on impending problems until it’s too late.  But, through the automation of management information discovery, AMI provides clear and immediate visibility into project status, while its patented engine predicts possible outcomes to make recommendations to keep you clear of potential problems.

Product comparision

"Project success is defined by achieving the desired business value within the bounds of competing constraints. The six categories here depict the component areas that are necessary to achieve this success."

Kerzner, Harold. Project Management 2.0. Wiley, 2015.

 

 AMI LogoAdvanced Management Insight

Microsoft Project

Oracle Primavera

Brightwork

Wrike

ServiceNow

CA Clarity

Project Leadership

PM Best Practices

Corrective Recommendations

Project Governance

PPM Project/Portfolio Selection

Project Methodology and Process Compliance

Phase Gate Measurement

Deliverables Verification

Project Metrics

Metrics, KPIs and EWS Selection

Team Input Linked to KPIs/EWS

Continuous Stakeholder Input

Stakeholder Feedback

Scheduled Assessments to al Project Stakeholders

Triggered Assessments

Continuous Status Monitoring

Dynamic Project Dashboards

Configurable Displays and Alert Thresholds

Team Collaboration

Direct Input to PM from Team Members

Issues Logging and Tracking

"Project success is defined by completion of the project within the triple constraints of time, cost and scope. These comparison items represented here are what PMOs deem appropriate to achieving success. They are ranked in eleven areas according to what is important to PMOs in order to achieve success."

Brian Hobbs, P. (2010). The Project Management Office (PMO): A Quest for Understanding.

 

PMO Priority

AMI LogoAdvanced Management Insight

Microsoft Project

Oracle Primavera

Brightwork

Wrike

ServiceNow

CA Clarity

Report Project Status
Inform project owners and upper management

83%

 
Implement a Standard Methodology
Ensure all projects follow a proven standard

76%

 
Monitor & Control Performance
Are projects performing efficiently?

64%

Serve as a Project Information System
Provide real-time, historical, & trending analytics

60%

Provide Advice to Management
Alert users to problems & guide them to solutions

60%

Act as a Project Scoreboard
Consistently compare project performance

48%

Assist Project Managers
Give PMs feedback on improving their projects

49%

Manage One or More Portfolios
Allow for flexibility in how projects are organized

48%

Conduct Project Audits
Check into project health at any time

44%

Monitor & Control PMO Performance
Provide info and feedback across the portfolio

40%

Develop Competency of Personnel
Guide and train those involved with the project

64%

All-in-one solution

Learn how Advanced Management Insight is the all-in-one solution for all your project governance needs.​