WHY PROGRAMME AND PROJECT ASSURANCE?

Research has shown that over 30% of projects are cancelled before they are completed, over 50% cost more than 189% of their original budget and only 15% are completed on time and on budget. However for large companies only 9% of projects are completed on time and on budget.

Further research has shown that the average write-off of project failures by large companies is over €12 m with the largest loss €210 m. The average programme office is running over 80 projects with a total value of €105 m.

Therefore there are good opportunities for large multi-national companies to increase the number of their projects that succeed and reduce the potential for writing-off the project investment. It is not possible to guarantee a project success, but good programme and project methodology support can help to foster an environment where they can be successful.