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We Welcome you to PmEducation website a one stop site for all your learning and Training needs on Project Management, with detailed insights and information pertaining to project Management courses and Training available across the world.
We hope you enjoy the site and learning.
Your Suggestions and feedback is valuable for us to improve the website.
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Team PMEducation
We Welcome you to PmEducation website a one stop site for all your learning and Training needs on Project Management, with detailed insights and information pertaining to project Management courses and Training available across the world.
We hope you enjoy the site and learning.
Your Suggestions and feedback is valuable for us to improve the website.
Regards
Team PMEducation
Project Management
Project management is an approach of planning, organizing, and managing resources to bring about the flourishing achievement of specific project goals and objectives.
According to latest research, success in 68% of technology projects is “improbable.” Poor requirements analysis causes many of these failures, meaning projects are doomed right from the start.
The above statistics shows that a superior project management can make a project successful, while a poor project management can spoil your efforts, money and time.
Key findings from the report, The Impact of Business Requirements on the Success of Technology Projects from IAG Consiulting
According to latest research, success in 68% of technology projects is “improbable.” Poor requirements analysis causes many of these failures, meaning projects are doomed right from the start.
The above statistics shows that a superior project management can make a project successful, while a poor project management can spoil your efforts, money and time.
Key findings from the report, The Impact of Business Requirements on the Success of Technology Projects from IAG Consiulting
- Companies with poor business analysis capability will have three times as many project failures as successes.
- 68% of companies are more likely to have a marginal project or outright failure than a success due to the way they approach business analysis. In fact, 50% of this group’s projects were “runaways” which had any 2 of: taking over 180% of target time to deliver; consuming in excess of 160% of estimated budget; or delivering under 70% of the target required functionality.
- Companies pay a premium of as much as 60% on time and budget when they use poor requirements practices on their projects.
- Over 41% of the IT development budget for software, staff and external professional services will be consumed by poor requirements at the average company using average analysts versus the optimal organization.
- The vast majority of projects surveyed did not utilize sufficient business analysis skill to consistently bring projects in on time and budget. The level of competency required is higher than that employed within projects for 70% of the companies surveyed.
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