![the weathering magazine – issue 17 2016 the weathering magazine – issue 17 2016](https://www.celebsofworld.com/wp-content/uploads/2020/08/britney-spears-at-2016-billboard-music-awards-in-las-vegas-05222016-661f53e.jpg)
“It’s a bit anecdotal, but the buzz around planning and prioritization has increased just in the last couple years, and I see that when I talk to clients and customers - both those who are using our products and those that are using other suites another thing I’m seeing is that organizations are slashing the number of projects they’re taking on, to focus more intently on those that will have the greatest impact and ROI,” Tickle says. That forces IT - and companies’ PMO - to emphasize planning and prioritization, which helps them succeed with the projects that are truly important,” Tickle says.
![the weathering magazine – issue 17 2016 the weathering magazine – issue 17 2016](https://pdf-magazines-download.com/picture/images135/8519730965_the-weathering-magazine-issue-18-december-2016-english-edition-1_s.jpg)
#THE WEATHERING MAGAZINE – ISSUE 17 2016 HOW TO#
For so many years, we talked about how to better align IT with strategic business goals, and now it’s just a fact of life. “Digital convergence is collapsing the gap between business and IT. Over the last few years, the lines between business and IT have blurred, and projects have become increasingly cross-functional, he says. Much of that shift is a result of digital convergence, says Patrick Tickle, chief product officer at work and resource management solutions company Planview. “We’re seeing this as a macro trend - in the past, organizations might only think about benefits maturation and realization once the project had closed! But now, we see they’re looking at that from the beginning and using that as a measure of success or failure,” Langley says. In other words, there’s less focus on the means by which a project is deemed successful and more on the ends: does the project deliver the business benefits promised? What’s changed? The bottom line, according to Langley, is that organizations are becoming more mature with project management, and are focusing on benefits maturation and realization, instead of solely on cost, time and resources. According to the PMI research, across all industries, the average percentage of projects that are deemed failures is 14 percent the average for IT projects deemed failures in 2016 also is 14 percent, the research revealed. Specifically, the study found that, globally, organizations wasted an average of $97 million for every $1 billion invested in projects and programs in 2016, compared to an average of $122 million per $1 billion in the year prior. Overall, all organizations reduced the average amount of money wasted on projects and programs by 20 percent compared to the previous year.
![the weathering magazine – issue 17 2016 the weathering magazine – issue 17 2016](https://pictures.abebooks.com/inventory/21566360756.jpg)
Within these categories, only 6 percent of Champions experienced projects deemed failures, compared to 24 percent of Underperformers, the research showed.