"LOST" in Project Management

Georgopulos, Dan
July 2002
Hospitality Upgrade;Summer2002, p1
Trade Publication
The article presents a project statistics on the success rates of projects handled by project managers who have the responsibility to complete a certain project and be successful in it. Chief information officer (CIO) Scott Heintzeman of Carlson Hotels Worldwide Inc. said only 28% of all information technology (IT) projects are entirely successful. It notes that 45% of projects are late and overbudget, 27% are cancelled prior to completion, and only 61% of its features are typically delivered.


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