Are you losing sleep on whether your team will be able to meet the time and budget commitments on your growing project portfolio?
If yes, we get it.
Research shows that, depending on the industry, 70-90% of all projects are late and/or over budget. And despite major advances in Project Management Methods and Software, this statistic has not improved significantly over the past 40 years.
Why is that?
Managing projects in the real world is challenging because of all the VUCCA – Variability, Uncertainties, Complexities, Constraints, and Ambiguity of competing objectives we face in managing projects. Unfortunately, most Project Management Software simply cannot consider all these VUCCA elements.
And yet, as Project Managers, we are expected to make reliable commitments and decide how to plan and execute projects to minimize costs but still have sufficient buffer to protect commitments against task variability and unplanned events.
No wonder most Project managers have sleepless nights. And if they don’t, they probably should.
But we have good news.