Project Management Facts

Projects not meeting time, cost and quality

Percentage of projects meeting goals (source PMI Pulse of profession – capturing the value of project management Feb 2015)

Miller and Lessard 2000:

  • 60 large engineering projects > $1 billion, 1980 – 2000 = 40% poor in terms of cost, time and outcomes

Flyvbjerg et al 2003:

  • 258 large transportation projects, totaling $90 billion, Between 50 and 100% cost overruns

Merrow et al 2011:

  • 47 “mega-projects” > $500 million, 88% average cost overrun
No Comments

Sorry, the comment form is closed at this time.