Industry Needs:

 Many surveys have been conducted by major Research and Advisory Companies regarding the statistic on percentage of project failures, the reasons for failure, the primary reason for those failures, etc.

Below are project failure statistics as published by 2 independent research firms:

Bull Survey

	Bad Communications – 57%
	Lack of Planning – 39%
	Poor Quality Control – 35%
	Missing Interim Deliverables – 34%
	Poor Budget Management – 29%
	Poor Project Management – 20%

The Standish Group - The CHAOS Report

	Lack of User Involvement 12.4%
	Unrealistic Expectations 9.9%
	Lack of Executive Support 9.3%
	Changing Requirements & Specifications 8.7%
	Lack of Planning 8.1%
	Didn’t Need It Any Longer 7.5%
	Lack of IT Management 6.2%
	Other 9.9% ·

The CHAOS Report also states the following:

	31.1% of projects being canceled before completion
	52.7% of projects cost 189% of their original estimates

And when around 250 CIOs and CFOs were asked, given a choice would they outsource their PMO and all PM activities to a third party vendor that would offer Cost savings, take responsibility, provide standardization of PM processes. Overwhelmingly, around 78% said yes they would.

As per the statistics above it is easy to identify three major areas: (1) Lack of Proper Planning (including planning for Communication), Poor Project Management and Lack of Resources. And the root causes of these reasons are lack of repeatable, tested, industry standards, including resources availability.

OUR TESTED SOLUTIONS/ SERVICES

PM Spectrum has come up with a solution that addresses these and other major causes of project failures. By providing three distinct models that addresses all major and related issues/ reason in surveys above.

See Benefits for this model……

See Benefits for this model……

See Benefits for this model……