The conventional approach—used for more than 20 years—for implementing large enterprise technology projects has proven to fail. In fact, independent studies have shown that 7 in 10 technology projects struggle – or fail completely.1 With millions of dollars, key resources, and company reputations on the line, a 30% enterprise project success rate is alarming. A different and better approach is required.

The gloomy state of large technology projects2

• 88% of enterprise projects exceed deadlines, and these delays often cost hundreds of thousands of dollars per day.
• Half of enterprise projects cost three times their original estimates due to costly overruns and missed deadlines.
• Nearly one in five projects gets canceled entirely.

Failure in large enterprise technology projects is unfortunately very common. But it’s not inevitable. Nor is it irreversible – if the right steps are taken.

In order to get a struggling project back on track or prevent it from going off course, it is important to understand the underlying issues of why the majority of large technology projects fall behind or fail completely.

Read why enterprise technology projects struggle 

1 OASIG Study
2 Standish Group