ORBiTL Tech Ltd

The challenges in large-scale IT project management are diverse and significant. A startling statistic reveals that only 7.1% of IT projects are delivered on time and within budget. Projects often suffer from substantial cost overruns, with an average of 45% over budget, 16.7% of projects experiencing cost overruns of 200%, and schedule overruns of 70%.

One of the core issues is inadequate stakeholder engagement, which is deemed the most valuable process in project management. Furthermore, 80% of project managers spend half their time reshaping projects due to scope change and creep.

A McKinsey study of 5,400 IT projects found a cumulative cost overrun of $66 billion, exceeding Luxembourg's GDP. Budget overruns are cited by 55% of project managers as a reason for project failure, with 14% of IT projects failing completely, 49% exceeding budget, and 25-40% exceeding their budget or schedules by more than 50%. These statistics paint a grim picture of the current state of IT project management, highlighting a dire need for innovative solutions.

Existing project management software solutions are wide in scope, but none have the functionality to prevent the above problems. That is why these problems keep on happening again and again. ORBiTL’s innovative solution has been proven to work and does solve these key issues.

ORBiTL's Solution
ORBiTL Software Solutions addresses these pervasive challenges head-on with innovative tools and methodologies supported by artificial intelligence designed to enhance project management efficiency and effectiveness. The complete modular solution was developed over time to solve common problems of large-scale Enterprise Resource Management (ERP) implementations. All three founders have worked in this environment with over 60 years of combined experience, each having encountered these problems. ORBiTL’s solution has been proven to address these exact problems.