Most important business initiatives require the dedication of a Project Manager to manage timelines, resolve issues, negotiate conflicting priorities, control budgets, communicate progress and more. When multiple projects are involved, this holds true for an entire program. It’s one of the most critical roles in business success.
However, important projects fail at an astonishing rate – even under the close watch of skilled and persistent project managers. Results from recent studies conducted show that only 39% to 56% of projects are considered successful in meeting their time, budget and quality goals. Why are these odds not much better than chance?
Projects and programs involve people attempting to achieve something new on a fixed timeline with limited resources. Under these circumstances, success lies beyond the control of even perfect plans. Consistently executing strategic objectives requires the right balance between project management rigor and the ability to effectively and collaboratively deal with change. As the studies show, organizations that achieve high success rates from their project and program portfolios are typically the ones that have increased their use of standardized project practices and adopted change management processes that increase their adaptiveness to change.
XCD incorporates Change Management principles and best practices into everything we do because it produces better results. When it comes to Project Management, that means going beyond cost, time and quality goals to ensuring that the desired business outcomes are achieved.