Guessing is not a strategy: How to build decision velocity with AI and real-time data
June 10, 2026 | Live Webinar
Best-Laid Plans
Companies must change their focus from "doing, doing, doing" and create a cycle of planning, doing and reviewing. By following a few important steps, project managers can conduct meaningful analysis and create a solid business case for any project. There's just no getting around the need for pre-project planning.
At the beginning of any project, the potential for failure or disappointment in the outcome is high. According to a 2004 Standish Group survey, only 27 percent of IT projects are delivered on-time and on-budget, with half described as "challenged" and 15 percent as "impaired" or failing. These statistics shouldn’t surprise project managers. But, why exactly do projects fail? Is implementation to blame, or were pre-project estimates far off the mark? Did the company implement altogether the wrong solution? Or, is lack of critical project resources the culprit?
Unfortunately, one of the first parameters put on a project team is to find an appropriate solution quickly and avoid “costly, time-consuming” analysis on the front end. The stereotype of "analysis paralysis" persists and, therefore, projects managers and the consultants they work with are put in a no-win situation.
However, turning project delivery failures into successes requires that initiatives start off on the right foot. There is no getting around the need for time and focus on the first phase of …
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"Interestingly, according to modern astronomers, space is finite. This is a very comforting thought--particularly for people who can never remember where they have left things." - Woody Allen |