Tools to keep projects on the rails - The completion of projects on time and to budget often seems an elusive goal, but success rates can be improved with the application of risk management techniques

• Main Author: DE REYCK, Bert
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2005
• Subjects: Business Administration, Management, and Operations; Management Information Systems
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6774; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7775/viewcontent/Factiva__1_.pdf
• Institution: Singapore Management University

In 2004 the Standish group, a research company that produces annual reports on IT projects carried out in the US, reported that only 29 per cent of these projects were considered a success, with the vast majority running over time and over budget. Cost overruns averaged 56 per cent of original budge...