“Projects running over time and budget can cost companies millions of pounds.
(PRWEB UK) 28 February 2014
The redevelopment of the William Penn leisure centre started in March 2007 when the project was anticipated to take 12 months to complete at a total cost of £4.6 million. The Watford Observer reports that auditors have discovered that an “absence of formal project management” by Three Rivers District Council contributed to the rebuild project’s failure which allegedly went over budget by £4 million and overran by more than two years. External auditors, who were commissioned to investigate the project’s failings, also found that, poor contractor performance, technical difficulties, and an insufficient number of council staff available to run the large-scale project also contributed to its failure.
As a global provider of project management training, the experts at ILX closely follow news relating to projects and their management. A spokesperson for the company offered the following comments:
“Projects running over time and budget can cost companies millions of pounds. The successful implementation of a project management methodology such as PRINCE2® which provides a set of processes to work through and a common and consistent approach will contribute to a project’s successful conclusion. However this alone cannot guarantee success; a methodology such as PRINCE2 can’t do the work for you. Projects that deliver within budget and on time are also dependent on the team and their level of capability. Identifying where there are potential skills shortfalls and ensuring that training is provided to fill these gaps is crucial. It is important that resources are assigned appropriately and with the correct level of expertise to ensure they provide the expected deliverables of a project.”
ILX is a global leading provider of Best Practice learning solutions and consulting services and is a market leader in PRINCE2 training. Operating across 100 countries, they have delivered learning solutions to corporate, public, and consumer audiences for over 25 years. They have trained over 100,000 learners in more than 5,000 organisations across our virtual and online learning programmes, as well as in classroom environments.
PRINCE2® is a registered trade mark of AXELOS Limited.