Is Better Progress Management the Secret to Successful Projects?
April 24, 2024
That could be the conclusions of research led by Bent Flyvbjerg, a professor at Oxford University. After compiling the results of over 16,000 projects ranging from construction to IT, he asserts that only 8.5% achieve their initial objectives within the allocated time and budget. A recent study by Hexagon, in collaboration with the Project Management Institute, offers a more nuanced view. It reveals that a significant share of companies (40%) report that fewer than half of their major projects meet planned timelines and budgets. Conversely, 20% say that these objectives are achieved in 80% or more of the cases.
Read more.