4 reasons you need to project budget for work management software

by Workfront
, 1 min read
project budget work management software

We feel your pain. As the person who is trying to change the way work gets done in your department or organization, you need back up.

Budgets are tight. Your numbers show you can't afford to implement an enterprise work management solution. Luckily the data says otherwise.

More than half of projects have at least two of:

  • Taking 180% of target time to deliver
  • Consuming 160% of estimated budget
  • Delivering under 70% of the target required functionality

So, isnt' the right tool to manage our entire lifecycle of work, including projects, a necessity and not a luxury?

Today, we have multiple teams, like corporate or operations, security and compliance, a help desk, internal development. Yet we don't have a single, uniform and integrated way to manage all the types of work. We have 5, 10, even 20 different point solutions to manage it.

We have tools for requests. Tools for planning. Tools for task management. We have collaboration tools. Tools for status gathering and reporting. Don't forget document sharing.

Compounding the problem of too many point solutions is the fact that these solutions typically don't talk to each other—within a team, or across teams and departments.The result is confusion, poor visibility, and low productivity. It causes work to be late, over budget, incomplete, and ineffective.

The cost of this result is frightening: 60% to 80% of project failures can be attributed to poor requirements gathering, analysis, and management. And, up to 80% of budgets are consumed fixing self-inflicted problems. Inefficient use of time, like spending half your day in email, could cost our company more than $20,000 per person, per year.Think about what your company could do with the money saved by fixing poor work management processes? Think about what you could do with one tool to manage all of your work.

Download a free presentation to help you convince your boss to implement a single tool that solves the efficiency, productivity, and visibility problem here. Get a free ebook about the dragon-sized pests afflicting your work and project management here.


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