Have you ever wondered why some projects are successfully delivered on time within the budget while others keep slipping despite having detailed plans and timelines? Some may think that the problem lies in poor planning or a lack of discipline, and sometimes it can even be true [16].
But statistics say that 68% of IT projects report unrealistic expectations like inadequate project timelines or scope creep as a factor in failure. As well, 73% of projects fail or underperform because of poor resource management, including misaligned or insufficient resources [2].
These statistics highlight a critical truth: traditional project management tools, even when combined with experienced teams, often fall short in handling the complexity and dynamic nature of modern projects [3]. That is why companies now adapt critical path software powered with AI and predictive algorithms. Which advantages and functions make it attractive to businesses and how to choose the tool that will be suitable for your company? Read further to find out.