• $80-145 bn/year: Spent on failed/cancelled project (Standish Group International)
• 25%-40% of all spending: Put on re-work (Carnegie Mellon)
• 40% of Problems: Found by end user (Gartner)
• 50% time: System Rolled Back from Production (Gartner)
• $30 bn/year or 66% of project failure: Happens due to poorly defined requirements (Forrester Research)
• 66% of project: Runs into trouble (failed/overtime/over-budget)
  • 50% of 66%: Cost overrun
  • 82% of 66%: Time overrun

 

Functions can be

• Visibility (metrics & new business opportunity from the project)
• Cross-Project Dependency Management
• Resource Management (Resource planning, allocation, tracking, budget, schedule across the projects)
• Risk Management (identifying risk & manage risks after applying suitable resources)
• Communication
• Professional Development
• Technical Integration (across platform, application, vendor, outsourcer)
• Program Management Best Practices
• Release Management
• Continuous Improvement
• Governance & Portfolio Management
• Business & Technology Consulting
• Audit projects for compliance to regulatory bodies