Mission
With our solutions and know-how in the area of Multi-Project-Multi-Resource Scheduling and Management and operational excellence we strive for ultimate efficiency in our customer project execution efforts. We design and create our innovative and integrated solutions with the highest quality in a collaborative fashion with and for our customers.
Background
Challenges
The project business is a challenge in almost every organization – whether the project business is successful or not. The reasons being are the complexity of the projects and the risks associated with those. However, the complexity is only to a small extent based on technical aspects, but rather defined through the challenges around communication, coordination and optimal control of and between the single and multiple projects. As in other areas (e.g. ERP, MRP, etc.) there is no commercially available solution to efficiently manage and control multiple projects - other than standard project planning tools. This is specifically crucial, if you have to supervise and manage multiple different aspects and if these have a high level of interdependence.
Studies
There are a number of different studies and publications, which report around risks and the commercial success of projects. More than 2/3 of all IT projects do not deliver a profit to the supplier organization. Another study estimates that failing projects generate a loss in access of 120 billion Euros in the European Union alone. That generates a tremendous potential of project improvement especially in terms of the commercial results and benefits.
That potential will be realized by adopting the complete, innovative and standardized solutions and consulting services from effect-it and by establishing the optimal methods and processes which are right for you.
A internet survey with different sources reported that IT projects fail:
- 1% based on complexity of the project
- 4% based on technical issues
- 40% are caused by lacking or insufficient contracts. Out of those 20% are based on incomplete scope definitions and 10% are based on wrong estimates
- 55% are caused by unprofessional project execution and management.
This survey was not based on a representative statistic, but reflects that technical complexity is often used as an excuse for inadequate project management and lacking project control.