Businesses Can Leverage Document Collaboration Tools to Mitigate Project Risk During Periods of Shrinking IT Budgets, According to Special Report

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Project failure rates are higher than ever during a period when businesses need to do more with less. Identifying the right document sharing and collaboration platform can go a long way towards mitigating project risk.

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A new special report outlines how project risk can be offset through the use of the proper document sharing and collaboration system. This report openly discusses specific features and functionality that potential purchasers should be looking for and compares the basic features of eight of the more commonly used or best overall solutions.

The special report was prompted by a recent study by The Standish Group, a Boston-based IT project management research and consulting firm that surveyed 400 organizations and found a general decrease in IT project success rates during the past two years as IT budgets were squeezed. Given the availability of good collaborative tools in the marketplace and the nature of how projects fail, there are easy and inexpensive ways to mitigate risk. Improving a company's project failure rate can save an enormous amount of money and enable the firm to repurpose funds to help grow the business.

The special report titled Leveraging Document Sharing and Collaborative Solutions to Mitigate Project Risk with Shrinking IT Budgets is available for free online by visiting Praura Special Report.

Additionally, Praura will be holding a brief webinar on August 13th at 12:00 EST to discuss using collaboration tools to mitigate risk. Those interested in signing up for the free webinar may reserve their spot by sending an email to sales(at)praura(dot)com.

Praura is part of the Implementation Factory, Inc., family of companies with offices in Framingham, MA (Boston area); Rockville, MD (Washington D.C. area); and Bangalore, India. In addition to Praura, Implementation Factory, Inc. owns outright or is an equity investor in a number of other ventures, including: IFConnect, a project outsourcing boutique; eDocuDeal, a provider of online collaboration software for the lending community; and Holeb Outdoors, a manufacturer of specialty outdoor products. For more information about Praura please visit us at

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