Clients in finance, healthcare, packaged goods, housing, education and leisure have all been identified in research as problem sectors, in some cases seeing supplier margins of more than 40% higher than average.
Take a look at some recent industry statistics. And if they send a shiver down your spine, consider K-Zen. We can help if:
We can help you find the right suppliers and pay the right fees for their services, ensuring that you and your team can deliver on time and on budget, every time.
In one recent study, covering 5,400 IT projects with initial budgets of more than £10 million, it was found that on average, these big projects come in:
Worse still, they can deliver 56% less value than promised. In fact, 17% of large projects go so badly that they can threaten the very existence of the company!Source: McKinsey & Company in conjunction with the University of Oxford, 2012
In recent interviews with people involved in software development, researchers found that even at the outset, many in the industry expect their projects to fail!
In a recent survey, management consultant KPMG found that many IT project managers accept failure as an inevitability.
IT services giant IBM recently conducted a survey on the success or otherwise of what it calls ‘change projects’. The findings make dismal reading, with just 40% of projects meeting their schedule, budget and quality objectives. Reasons include the following: