Project success rates are rising. Organisations today are wasting an average of $97 million for every $1 billion invested — that’s a significant 20 percent decline from last year’s Pulse of the Profession findings.
Organisations are experiencing more success implementing strategic initiatives and, for the first time in five years, more projects are meeting original goals and business intent and being completed within budget.
The report said that even with ITIL and ITSM resources readily available, the odds of sucess are still 50/50. Launching in early 2019, BMC says ITIL 4 will allow ITSM platforms to better align with current trends like DevOps and Agile.
The 2017 Pulse findings continue to show that when proven project, program, and portfolio management practices are implemented, projects are more successful. At the same time, the definition of success is evolving.
The traditional measures of scope, time, and cost are no longer sufficient. Projects must deliver what they set out to do — the expected benefits. So, for the first time, when determining project success, we looked at levels of benefits realization maturity as well as the traditional measures.
