Effective program management aligns tasks to work cohesively together and point in the same direction.
In the absence of effective program management, a project can be inefficient and not have all tasks pointing in the same direction.
The Cost of Project Failure
The cost of failure increases exponentially with project size and complexity. According to Project Management Works’ article titled “Project Failure Statistics: The Shocking Truth,” 90% of large projects are challenged or fail.
Project Definitions
Success = delivered on time and budget with required features and functions.
Challenged = late, over budget, and/or delivered with fewer than the required features and functions.
Failure = canceled before completion, or delivered and never used.
Program Management Statistics
Most projects receive a below-average or failing grade.
69% of features are delivered.
74% experience time overruns.
59% experience cost overruns.
Operating Principles To Avoid Common Pitfalls
| Common Pitfalls | Operating Principles |
| Project Plan Activities | Critical Path Management |
| Reinventing the Wheel | Tools and Templates |
| Changing, Unclear Decisions | Decision Framework |
| Wasted Time | Communication and Cadence |
| Neglected Stakeholders | Effective Change Management |
Clear iQ’s Approach
Clear iQ uses guiding principles developed over decades of experience to deliver results. We
- Coach all team members on project management operating principles and culture.
- Instill a methodology and common language.
- Select the right program management office (PMO) based on company size, scale, and the journey ahead.
- Align executives and stakeholders with project goals, status, and results.
- Formalize the risk, issues, and decisions management process.
- Transition clients to the point of self-sufficiency.