Failures Of The Project Management System - 1456 Words

In reviewing a number of websites trying to garner support of IT Project Management, a rather clear picture has been presented. A staggering number of organizations do not properly employ IT project management, and, as a result, their projects tend to fail. On the opposite end of the spectrum, successful organizations utilize an IT project management system and their projects enjoy a much higher success rate. Based off of the findings, one can conclude that in most organizations the track record for IT projects has been more than lackluster. With well over two-thirds of IT projects failing on an annual basis there are numerous articles documenting reasons for past failures as well as presenting methodologies to be used to prevent failures†¦show more content†¦Only by implementing a systematic approach, will successful IT projects be realized by organizations. Introduction Organizations must make a commitment to invest in IT project management in order to ensure proper success of their IT projects. Over the past twenty years, numerous reports have been released from both industry experts and research analysts alike that indicate a common theme of failing IT projects. These reports indicate that without a significant change in the management of IT projects these trends will continue. Analysis According to the Standish Group, successful IT projects range from 16-35% over the past 20 years (Dominguez, 2009). This is a clear indication that something is inadequate with IT project management. This shows than in any given year more than two thirds of all projects will fail. This is a very dismal statistic that must be corrected in order to ensure long term success for any organization. In order to begin this correction, it is imperative to understand the final results of projects which deem them failures, reasons why the project ended with these results, and recommendations to prevent future failures. Results. When a project is closed out after implementation or cancellation, the project needs to be assessed. This assessment will identify areas of success and areas of failure. There are three common areas where the