Knowledgebase
Businesses are under increasing pressure to deliver projects that achieve the promised business returns. Additional pressure in the form of regulatory and legal compliance is also causing organizations to look at project performance more closely than ever.
Project success is often measured solely on the basis of objective financial information: actual vs. budgeted cost and adherence to schedule as it affects the budget. Conventional wisdom says that if these factors are managed well, a project should be successful. Nevertheless, $80 billion to $145 billion is spent each year on failed or cancelled IT projects (Standish Group, 2000).
The Calibra™ PMOversight™ knowledgebase gives you unparalleled insight into your organization's project performance capabilities, enabling you to anticipate and plan for events before they become costly mistakes. PMOversight™ helps keep your projects on track, reducing the likelihood of budget overruns, late deliveries, and reduced functionality.
PMOversight™ can help reduce the costs associated with failed or challenged projects. PMOversight™ users have seen dramatic results from its use:
- On-time project delivery increased by 45%
- Over-budget projects decreased by over 40%
- Compliance to regulatory requirements increased by almost 60%
- ROI increased as much as 400%
PMOversight™ enhances the effectiveness of project management methodologies and Project Management Offices (PMO). PMOversight™ also complements Six Sigma, organizational maturity models, and other industry-specific project and quality management frameworks.
