The majority of projects and programs that fail do not meet the simple metrics of being on time and on budget, and lack appropriate scope and quality control. Even those that do meet these standards can fail to deliver the benefits envisioned or goals set, never achieving successful completion.
Applying a structured and disciplined approach to executing change in an organization through project and program management significantly increases the likelihood of success; which is why we have seen an industry-wide increase in the investment of organizations into building capabilities in these practices.