Poor project management results in project failure

Need for project management training is critical

More than half of project managers have little or no formal training to deal with the today’s complex projects.

That is one of the reasons that many projects fail, according to a recent study conducted by researchers from Alberta’s Athabasca University, with funding support from the Project Management Institute.

One part of the study was conducted online. A survey was posted on key Web sites and distributed by e-mail to executives, project personnel and consultants involved in managing or directing public and private sector projects. In all, 3,156 survey responses from companies all over the world were received.

The survey results indicated that:
• projects consistently came in late and over budget;
• appropriate project management tools, techniques and methodologies were only used in about half of the projects; and,
• many company executives continually under-funded project management and viewed the role of the project manager as an addition to an employee’s job description, without ensuring appropriate training or compensation.

To address the situation, Athabasca University has developed and launched a new online executive MBA program in project management. For further information, go to www.athabascau.ca/mba.

To read the full story, login below.

Not a subscriber?

Start your subscription today!