Use Data to Revolutionize Project Planning

These are just a few examples of projects that suffered severe schedule delays and cost overruns, or that were unable to deliver on their promised scope. Planning projects accurately is notoriously difficult, whether they're publicly or privately funded, or in domains like construction, technology, pharma, or infrastructure. According to the 2018 "Pulse of the Profession" study conducted by the Project Management Institute, between 2011 to 2018 only about 50% of projects where completed on time and approximately 55% were within budget. Even though firms have been investing in project management techniques since the 1970s, the accuracy of project plans has not improved much. Inaccurate forecasts involving durations, costs, resources, and benefits are clearly major source of risk for leaders' careers and organizations' growth opportunities.