KPMG, Conducted a survey of 600 Organisations across 22 countries and published the Global IT Project Management Survey. I was just flipping through the same , below is a summary of the findings at a glance section, more from the survey to follow.

Findings at a Glance:

• Increased commitment to achieve business results through project outcomes
• Compliance and performance initiatives drove and continue to drive increases in project activity, budgets and complexity
• Definition of project success evolved, No longer traditional measures of on time and on budget apply. Now success is meeting projects (business) benefits.Success rates of project - Improving trend.
• With the new definition of success, Success or Failure has become a matter of interpretation.
• Flawed Governance model, Executives involved in selecting and approving project, but rarely involved in delivery
• Inadequate benefits management processes (to measure project benefits) leading to unquantifiable degree of benefits leakage.
• Where/when benefits are measured its identified that - There is forfieture of up to 1/4 of promised business benefits across the project portifolio.

Source: KPMG AustraliaPrashanth RaiTag(s):IT+ROI, IT+Projects