| PROJECT FAILURE IS RAMPANT!
Projects and programmes, especially large ones, do not have an exemplary track record. Numerous studies provide evidence to suggest that there is more chance of failure than success in large scale projects and programmes.
The famous Chaos Report published by the Standish Group found that only 26% of projects are successful, with success rates of large projects and programmes as low as 19%. Another study found that "The average loss was $13million per project, with the largest single project failure costing $213million".
The substantial uncertainty associated with projects is unavoidable - but that should not mean unmanageable. And yet as the statistics show, we are not managing at all well. Our current risk management practices are falling woefully short of what is really required.
Cohesion Project Management Solutions has partnered with internationally-renowned project risk management experts Risk Doctor & Partners (UK) to provide South African companies with a set of solutions to these problems.
Risk Doctor & Partners provides specialist risk management consultancy and training from Dr David Hillson and selected associates who offer a high-quality professional service to clients across the globe. Services offered by Risk Doctor & Partners include coaching & mentoring, process benchmarking & review, project & bid risk assessments, and skills training.
Visit Risk Doctor & Partners at http://www.risk-doctor.com or contact Cohesion for more information about how you can apply an in-depth, independent and rigorous approach to help manage your project risks
|