It’s particularly interesting to consider risk management as a benefit of project management, as the PMI study finds that over one-third of projects fail to meet their business intent. And there’s real cost to those failures, as one-third of the budget spent on those failed projects is unrecoverable.
Everyone knows change is hard. Humans are, after all, creatures of habit. It helps us to have stability in a chaotic world. Generally speaking having good habits can be beneficial, allowing us to be productive.
However with the rapid explosion of technology, the pace of change is increasing, and we have to change at ever-increasing rates to stay competitive.
It's a familiar story for anyone who has purchased software for their business. You shop for the right solution, make the purchase and set about using the product with best intentions and unbridled enthusiasm. Now fast forward into the future: the product is half-heartedly used. The team resents the way the product “gets in the way” of doing their work. A growing number of individuals find excuses to spend less and less time using the product, with only threats from their management keeping them in it at all.