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Tutorial: Predicting Project Success
By Ron Smith
2006-05-06
Article Views: 332
Article Rating: / 0
 Project Success
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Will your project soar—or flop? Here's a way to figure the odds.
Can you predict a project's success?
Countless studies over the last three decades point to similar findings: Approximately 50% of projects you undertake will be late and/or exceed budget, and approximately 25% will be cancelled. The success of a project depends on people—not technology or tools. It crosses all industries, from manufacturing to financial services. The model below is intended to let you drill down and perform a quick risk assessment to determine probability of success on a current or new project. Anything less than 75% suggests that you could be headed for trouble. You can add critical success questions that apply to your project. Be sure to add a corresponding success weight and recalculate.
View the PDF -- Turn off pop-up blockers!
To see the details behind this tool and fill in your own estimates, click on the "Get the Tool" icon above and download the interactive worksheet.
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