. Many causes of failure are preventable. Investing in quality assurance can set large projects up for success.
The majority of large technology projects don’t meet user expectations, and they cost more and take longer than expected. In fact, one-third of large projects go significantly over budget or are cancelled outright. In general, the larger the project, the greater the risk. And the risks are significant: The potential loss from a major project delay can range from 100-170% of investment cost.
By investing in quality assurance, large projects have a much greater chance of success. Investing just 3% of the program budget on de-risking can bring a return of 30-60 times the cost.
De-risking a large program requires addressing the typical causes of failure, including:
BCG’s phased approach de-risks delivery by offering early intervention. The initial phase is a comprehensive program review using a five-lens framework. This framework is used over two phases: program review and setup, and ongoing independent quality assurance monitoring.