Over 65% of projects fail, and scheduling errors are a key factor. We recognize that, ultimately, construction projects are incredibly complex and difficult activities, with no quick or simple fixes. However, we at Jamaica Homes are in a privileged position to identify common project scheduling mistakes and potential remedies. Only one in three projects will turn out to be successful. According to Standish Group’s 2015 Chaos report, 66% of building projects (based on the analysis of 50,000 projects worldwide) end in partial or total failure. More surprisingly, these statistics have been the same for the last five years, the report shows. Furthermore, 17% of large projects go so badly that they can threaten the very existence of a company.
On Average, Large Projects Run 45% over Budget and 7% over Time, While Delivering 56% Less Value than Predicted.
Despite such failures, huge sums continue to be invested in projects and written off. For example, the cost of project failure across the E…
