March 23,2009 – Study shows huge costs savings…

Ξ March 23rd, 2009 | → Comments Off | ∇ Home |

According to a 2008 IDC study, organizations had huge cost savings when they implemented an end-to-end collaborative solution online:

•    Cost per project fell by 37%
•    Redundant projects dropped by 78%
•    Project failure rates decreased by 59%
•    Time-to-market for revenue generating initiatives dropped by 33%

In a Gantry Group study, key findings included “savings of 6.5% of the average annual budget by the end of year one, and 14% (NPV) over a three year deployment period. Collaborative online software helped organizations:

•    Improve the annual average for project timeliness dramatically by 45.2%
•    Reduce management time spent on project status reporting by 43.2%, reclaiming 3.8 hours of each manager’s workweek
•    Reduce management time spent on labor capitalization report by 54.7%, recouping 3.6 hours per report
•    Decrease the time to achieve financial sign-off for new projects by 20.4%, or 8.4 days