Gauge Project Success

What is the probability of success?

Statistically Speaking

"On average, each Fortune 1000 company spends $3 million on software development tools each year and sees less than a two percentage point improvement in project success rates" (See note 1).

Improve the Probability for Success

Two low cost actions that can be done to improve the probability are:

Improve process for gathering user requirements.
Manage uncertainty.

User Requirements

The single most effective process improvement to any project is enhancing and refining the process for gathering and documenting user requirements. 50% of all problems are directly associated with incomplete and incorrect problem definition. For additional information on improving this process visit Shimon Rothschld's web site.

Uncertainty Management

Knowing when to apply intervention to a project in progress is the most difficult aspect of project management. Knowing when to abandon a project is one of the most difficult challenges a stakeholder must face. Reduce the risk to projects and to careers by implementing a cost/ risk management system (CRIMS). CRIMS exposes the risk and makes decision making impersonal. For additional information on CRIMS visit the Crims organization web site.

Notes

IBM, Feburary 06

End Spiraling Costs

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Download Links

You can access applications and research about Great Budget Software and CRIMS technology.

Test Your Project

Take this 5-minute test to determine how risky is your project. This test will identify if your project should be monitored using CRIMS.

Experience CRIMS

Planned Project Cost:

Calculated Risk Level:

Why Projects Succeed

Project Success Rate

Only 2% of projects with a budget over $10,000,000 are successful. Less expensive are more successful, why?

Which Great Budget is Right for You?

You can access applications and research about Great Budget Software and CRIMS technology.

Your Productivity

Time management is the single most effective technique to increase productivity and maintain quality. Great Budget offers two free applications to help you increase productivity.