We all know projects can be difficult to keep on track, however the extent of the problem can easily be underestimated. The Standish group Chaos survey in 2006 reported that 46% of software projects they surveyed were challenged in that they overran in cost, time, or both, average cost overruns were 56% and average time overruns 84%.
For small to medium businesses in their initial growth phases, the timely delivery of quality products and services to their customer base can mean the difference between success or failure of the company.
Accurate and timely availability of key performance indicators of project health are essential for a number of reasons.
| Booking and revenue forecasting | For the sales manager |
| Customer satisfaction | For the salesman |
| Return on investment, scalability | For the CEO and investors |
| Regulatory Compliance | For the CFO and Legal counsel |