An interesting study recently published in the United Kingdom — The state of IT Project Management in the UK – the definitive study. The objectives of the study were to:
- Construct a comprehensive picture of IT project and program management in the UK today.
- Develop performance benchmarks for IT projects and programs.
- Identify key drivers of project performance.
- Identify characteristics of successful project and program managers.
- Identify best practices in enterprise-level management of project and program managers.
- Anticipate emerging developments in project and program management.
Key issues covered by the research include:
- The performance of projects and project managers.
- The characteristics of project managers.
- How organizations support project managers.
- The changing nature of project management.
We found that project performance is better than has been previously thought. While the number of projects hitting all their targets remains low at 16%, the variance is much less than commonly supposed. Average overrun on budget is 18%; average overrun on schedule is 23%; average under achievement on scope/functionality is 7%. These figures suggest significant improvements are occurring.
The 82-page report is available for download at the site link above. A similar survey and analysis of US projects is expected to be completed in 2005.
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