Executive Summary
Planning projects accurately is notoriously difficult. According to the 2018 “Pulse of the Profession” study conducted by the Project Management Institute, between 2011 to 2018 only 50% of projects where completed on time and 55% were within budget. Even though firms have been investing in project management techniques since the 1970s, the accuracy of their project plans have not improved much. Inaccurate forecasts of project durations, costs, resources, and benefits are a major source of risk and can affect leaders’ careers, as well as organizations’…
