Innotas Survey Reveals That 55% of Respondents Had a Project Fail in the Past Year: Up From 32% Last Year

SAN FRANCISCO, CA--(Marketwired - Jun 1, 2016) -  More than fifty percent (55%) of IT professionals indicated they had a project fail this year, up from the 32.3% last year, according to the latest annual IT survey sponsored by Innotas, the leading provider of Cloud Project Portfolio Management (PPM) solutions. More than 71% (up from 61.3% last year) of organizations reported that they did not have enough resources or staff to keep up with demand for IT projects. 

Resourcing continued to be the biggest challenge for IT professionals, with 46.3% of respondents citing it as their top challenge, compared to 36.6% last year. Another top challenge for project management success is lack of project alignment with the business, and 54% of respondents indicated that their projects are not well aligned with business goals. In addition, 68% reported that meeting stakeholder expectations is the primary measure of project success, yet the majority (50%) are primarily focused on on-budget and on-time delivery of projects - indicating a disconnect between how organizations measure the effectiveness of a project or their PMO and what they actually measure.

"The high rate of failure for IT projects is unacceptable and indicates the need for a better approach to project and portfolio management," said Tushar Patel, Senior Vice President of Marketing for Innotas. "According to our survey, more than 44% of organizations still do not have a PPM solution, signaling that many are still not taking advantage of the valuable project management, portfolio planning, and resource optimization tools available to them today."

He added, "And, with only 31% of the survey respondents focusing on delivering business value as their top priority, it is no surprise that IT and PMOs continue to be viewed as a cost center."

For additional insights and survey findings, download a full copy of The Project and Portfolio Landscape report.

About Innotas

Innotas, the leading provider of Cloud Portfolio Management solutions, brings together all elements of planning and execution for projects, applications, and resources across the enterprise. Innotas' solutions include Project Portfolio Management (PPM), Application Portfolio Management (APM), Resource Management, Agile Portfolio Management, Predictive Portfolio Analysis™ (PPA), and the Innotas Integration Platform. Among its many recognitions, Innotas received the San Francisco Best Places to Work award. Founded in 2006, Innotas is headquartered in San Francisco and has hundreds of customers nationwide, across healthcare, government, education and other industries. For more information, visit www.innotas.com or call 866-692-7362. Follow Innotas on Twitter @Innotas.