Many reputed consulting organizations like Gartner, KPMG etc have published reports which clearly underline project failures in the range of 65-75%. The word failure in general mean that the project did not meet the original estimates on parameters such as “Cost”, “Time”, “Scope” and “Quality”. While there are various reasons why projects cannot attain 100% success rates, it is definitely possible to reduce the failure rates and increase chances of improved success. The projects attain failures even with proven estimation techniques, past learning’s and experiences. According to statistics published , 31% of IT projects were cancelled before completion, 52.7% of completed projects cost over their original estimates , 1 in 8 of the projects can only be considered “truly” successful.
Several reasons can be attributed to project failures and some of the prominent of them could be
- Inadequately trained, inexperienced Project Manager
- Management thinking of technical importance diluting importance to good project management
- Start of projects without approved project charters, scope definition, cost and schedule estimates
- Poor Stakeholder management
- Inadequate authority to Project Managers
- Poor due diligence by Project Managers
- Poorly handled change controls
- Less importance to Quality Assurance activities
- Improper handling of vendors
- Project Risks not reviewed periodically and underestimating impact of project risks
The above factors clearly emphasize the need for focus on good project governance, strong project management practices, skilled project managers which would bring in improved productivity, better and noticeable project bottom line and improved stakeholder satisfaction.
ProPM consultants have immense experience in nurturing; developing and mentoring budding PM’s to experienced PM’s from the experiences attained during their long career in managing programs and projects. Our project consultants can bring in measured differences to any organization for sustained and improved project management practices helping organizations grow bringing in stakeholder satisfaction and focus on top line. Our consultants have deep understanding and importance of each of the Knowledge areas as defined in PMBOK and global project management practices.
ProPM helps organizations in the following areas in project consulting
Independent Project Reviews
ProPM would be happy to take up independent project reviews to help organizations and project teams gain better control of projects. We can also help project managers adopt to best practices, help analyze project risks and better manage project constraints. Our focused reviews emphasize on key project practice and process gaps and help management take proactive measures to curtail project issues cropping during later stages in the project life cycle. Our reviews focus on effective light weight process and practices rather than burdening projects with overloaded and redundant process and practices
Upgrade / Setup an Project Management Office (PMO)
For any successful organization, the contribution from its PMO is vital. Having a PMO would just not suffice but an active PMO with focus on optimized project resources using an effective project management practices can bring in radical changes to any organization and build good project governance. We at ProPM can help organizations to identify gaps in their existing PMO setup, review with PMO teams, suggest and help implement an effective PMO organization. We can also help set up and effective PMO and run it under Build, operate, transfer (BOT) model.
On Demand Project consulting
We provide project management consulting services on demand basis and organizations can make use of our project management experts on need for a specific period. Our consultants would be onsite with the project teams working along the project teams to bring in value add, effective project management practices..
Onsite project management training
We would be happy to conduct project management training/certification to employees at customer premises. The participants can be budding PM’s or people already managing projects. We can help organizations help achieve and increase the certified project managers which would boost confidence among customers and employees. We are open to partnering with organizations for routine project management training requirements.
Customized Project / Program Trainings
We also conduct customized project management training based on your proven and established practices. We would study such practices, prepare the training materials, review with the customer and impart the training.