IT Professionals Can't Keep Up
A recent Innotas survey revealed that 55 percent of IT professionals have had a project fail this year, up from 32.3 percent last year.
More than 71 percent (up from 61.3 percent last year) or organizations reported they simply do not have enough resources or staff to keep up with demand for IT projects.
Resourcing continued to be the biggest challenge for IT professionals, with 46.3 percent of respondents citing it as their top challenge, compared to 36.6 percent last year. Another top challenge for project management success is lack of project alignment with the business, and 54 percent of respondents indicated that their projects are not well aligned with business goals. In addition, 68 percent reported that meeting stakeholder expectations is the primary measure of project success, yet the majority (50 percent) are primarily focused on on-budget and on-time delivery of projects - indicating a disconnect between how organizations measure the effectiveness of a project or their PMO and what they actually measure.
"The high rate of failure for IT projects is unacceptable and indicates the need for a better approach to project and portfolio management," said Tushar Patel, Senior Vice President of Marketing for Innotas. "According to our survey, more than 44% of organizations still do not have a PPM solution, signaling that many are still not taking advantage of the valuable project management, portfolio planning, and resource optimization tools available to them today."
He added, "And, with only 31 percent of the survey respondents focusing on delivering business value as their top priority, it is no surprise that IT and PMOs continue to be viewed as a cost center."