According to PMIs August 2015 Pulse of the Profession® report, many organizations continue to suffer the ill fate of failing projects attributed to poor requirements and business analysis practices.
In fact, the extensive research conducted by PMI and reported in the August 2015 Pulse of the Profession® identified the following:
- “47% of unsuccessful projects fail to meet goals due to poor requirements management.”
- “Only 1 in 5 organizations report high requirements management maturity.”
- “51 million dollars are wasted for every 1 billion spent” on projects and programs.
Organizations who recognize the linkage between effective business analysis practices and successful projects can surely address these grim statistics.
For additional information about PMI’s 2015 Pulse of the Profession® research, please visit: