$1M Every 20 Seconds: The Systematic Disposal of Shareholder Capital
UK projects continue to fail at a rate of 65%. Poor performance is not an accident; it is a design choice in your PMO.
The global economy wastes $1 million every 20 seconds on failed projects. In the UK, the failure rate for major initiatives remains a staggering 65%. This is a systematic disposal of shareholder capital.
Most Project Management Offices (PMOs) have become 'Bureaucracy Offices'. They focus on reporting status rather than delivering value. 9.9% of every pound invested in projects is lost due to poor performance. For IT projects exceeding £10M, the failure rate is 50% higher.
The solution is not more meetings. It is better data. A PMO should be a value engine, not a weight. It must provide real-time visibility into resource allocation and benefit realisation.
If your PMO cannot tell you the exact ROI of a project in under ten seconds, it is part of the problem. Modernise or dismantle it.
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