Project management technology has been around for years now, so the problem of project execution must be basically solved, right? Wrong. The Standish Group has found that 68% of technology projects failed in 2009. Does this mean that project management solutions are just a waste of time?
The truth is that project management technology is only as good as the processes that support it. The only way to improve project execution rates is to look at the root causes of project failure and implement the necessary changes that will allow the technology to work. Here are a few of the top ways to accomplish this in your organization.
Problem #1 – Ignorance of True Per-Project Cost
We all know that people hate to track their time for a variety of reasons. Most find it to be a tedious exercise and believe that it takes time away from more important work.