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๐—ง๐—ต๐—ฒ ๐—›๐—ถ๐—ฑ๐—ฑ๐—ฒ๐—ป ๐—ง๐—ฟ๐˜‚๐˜๐—ต ๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—ฃ๐—ฟ๐—ผ๐—ท๐—ฒ๐—ฐ๐˜ ๐—ฆ๐˜‚๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€

99.5% of projects don't fully meet their objectives.

Yes, you read that right - only 0.5% truly succeed... โ€‹

Over the years I've seen firsthand how this affects businesses across every sector.

McKinsey's latest research makes it even more concerning:ย 

The Real Cost of Project Failures:


45% of large tech projects run over budgetย 

7 months is the average delay for major projects

$66M is lost for every $1B invested due to poor project performance

Let me break down the ๐Ÿฑ ๐—ฏ๐—ถ๐—ด๐—ด๐—ฒ๐˜€๐˜ ๐—ฝ๐—ฟ๐—ผ๐—ท๐—ฒ๐—ฐ๐˜ ๐—ธ๐—ถ๐—น๐—น๐—ฒ๐—ฟ๐˜€ I've observed (and helped solve):

๐—™๐˜‚๐˜‡๐˜‡๐˜† ๐—ข๐—ฏ๐—ท๐—ฒ๐—ฐ๐˜๐—ถ๐˜ƒ๐—ฒ๐˜€ย 

ย 37% of projects fail due to changing objectives (PMI)ย 

Teams waste 28% of their time on poorly defined goals

Pro tip: Document your "definition of done" before day 1.

๐—•๐—น๐—ถ๐—ป๐—ฑ ๐—ฆ๐—ฝ๐—ผ๐˜๐˜€ย 

in Risk Management โ€ข 80% of project crashes come from unidentified risksย 

Only 28% of organizations use risk management tools

Reality check: You can't fix what you don't track.

๐—–๐—ผ๐—บ๐—ฝ๐—น๐—ฒ๐˜…๐—ถ๐˜๐˜† ๐—–๐—ต๐—ฎ๐—ผ๐˜€ย 

ย Teams juggle 200+ tasks per project on average but some have tens of thousands tasks and are โ€ฆlost!

94% of executives say modern projects are more complex than 5 years ago

Personal learning: Less is more. Focus on What Matters.

๐—–๐—ผ๐—บ๐—บ๐˜‚๐—ป๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—•๐—ฎ๐—ฟ๐—ฟ๐—ถ๐—ฒ๐—ฟ๐˜€ย 

ย 56% of projects fail due to poor communication (Deloitte) .

Average project involves 8+ stakeholder groups.

Our approach: Create single sources of truth.

๐—ฅ๐—ฒ๐˜€๐—ผ๐˜‚๐—ฟ๐—ฐ๐—ฒ ๐——๐—ฟ๐—ฒ๐—ฎ๐—บ๐˜€ ๐˜ƒ๐˜€ ๐—ฅ๐—ฒ๐—ฎ๐—น๐—ถ๐˜๐˜†ย 

ย 27% of projects go over budget due to poor estimation.

Teams underestimate needed resources by 40% on average.







By Carla Dalhuin