Chapter 20 Critical Chain Project Management
If yours is an organization that relies on project completions as their source of revenue, and you’re like many other project-based organizations, then the results of multiple surveys by the Standish Group [1] and others might be of concern to you. In 1994, the Standish Group conducted a landmark study of nearly 10,000 IT projects across America and found that 52% of projects ended up costing greater than 189% of the original budget, 31% were canceled, and only 16% of projects were completed on time and on budget. The costs of these failures and overruns are just the tip of the proverbial iceberg. The lost opportunity costs are probably immeasurable but could easily ...
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