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McKinsey - Large projects fail more often and deliver less

Posted by Chris Gunter on Dec 02, 2014

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According to the McKinsey / University of Oxford study, half of IT projects with budgets of over $15 million (~£10mil) run 45% over budget, are 7% behind schedule and deliver 56% less functionality than predicted. McKinsey report shows that large projects not only fail more often, but also deliver less. 

They draw out four disciplines to improve project performance:

  • Manage strategy and stakeholders instead of exclusively concentrating on budget and scheduling

  • Master technology and project content by securing critical internal and external talent

  • Build effective teams by aligning their incentives with the overall goals of projects

  • Excel at core project-management practices, such as short delivery cycles and rigorous quality checks

Click here to read more - McKinsey Report

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