Cloud portfolio management solutions provider Innotas released the results of a survey showing that 50 percent of respondents have experienced a failed IT project in the last year. Seventy-four percent noted they do not have the resources necessary to properly manage IT projects.
Let's say you're finding potential new customers are a little hesitant to get in on this cloud thing. The reason could be that they gave it the old college try and the project simply failed. Now they're wary of the whole cloud computing trend and want to stick to what they know.
That's right, a far too-sizeable portion of IT projects in general fail. A survey of IT professionals conducted on behalf of cloud portfolio management solutions provider Innotas found that 50 percent of respondents experieinced an IT project failure in the last year. Extrapolating that, it's safe to assume a good many of those projects were cloud-related, seeing as the trend these days is to at least dip a toe or two into cloudy waters.
Additionally, 74 percent of respondents indicated they did not have the resources and/or staff to manage the demand for projects, which can only have played into the high rate of failure.
Innotas has a bit of a bias when it comes to this topic, though. The company's specialization is in providing a cloud-based project management service, so there's a good reason to make IT decision-makers a little concerned about the potential failure of their projects. After all, they could use a project management solution, right?
Innotas still has a strong point to make about the failure of IT projects in general, though.
"The high percentage of projects that failed over the last year, and the lack of resources dedicated to project management, shows that many organizations have not yet embraced an approach that enables project success," said Kevin Kern, CEO of Innotas, in a prepared statement. "Our solution provides complete end-to-end project management to help organizations make informed decisions, while prioritizing all work requests and planning for future initiatives—for business and project success."
Here are a few other highlights from the survey's findings:
- Of the respondents, 64 percent indicated they had a project management office in place, but many still said proper management of resources and staff was lacking.
- Fifty-one percent cited resourcing as their biggest challenge.
- Benefits realization (17 percent), prioritization (14 percent), budgeting (13 percent) and alignment (5 percent) were constant challenges to project success.
- And 94 percent of respondents said project success is critical to the performance and success of their businesses.