Understanding the Project Track Record

What is your organization’s project track record? How do you measure your project track record? If you measure this by the percentage of projects that were completed on time and within budget, you are missing an important piece of the picture. Think back, or look back, to why we do projects. We take on projects so that we can add value to our business. So, in viewing your project track record, you have to ask, “Did the project realize the expected value?” Given that context, I’ll ask again, what is your organization’s project track record? There is a good chance that you don’t know. Most organizations do not consistently track the value returned on projects investments. Some organizations may ...

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