IT Related Presentations
Whether you are a project or a functional manager, estimates are a daily part of your life. Team members need to make estimates for a variety of reasons, these include:
- The amount of time for a task.
- The cost for resources.
- The cost of software, hardware and other materials.
- The time required to finish a task.
Estimates for the annual cost of project failure are as high as two trillion dollars a year. The rates for projects being at risk are in the 60-70% range, and a quarter of all project's problems are so bad they are simply canceled prior completion. Preferably, all projects will run according to plan. However, moving from a 60% failure rate to 0% is unrealistic. First, organizations must understand what it is that makes their projects fail. Reasons range from methodology to human failure to poorly understood concepts to scope creep. Analyzing projects as systems uncovers all the factors that can contribute to failure.