The #1 reason companies don?t implement PLM projects?

I don?t have any empirical proof that this is the #1 reason, but plenty of anecdotal proof. 

In Stephen Covey’s book The 7 Habits of Highly Effective People, Covey tells a story to try and illustrate a point, in the story he comes upon a man working feverishly to cut down a tree.  When questioned about the effort he is putting forth to chop down the tree he explains that he has to work so hard because his saw is dull.  When asked why he doesn’t stop and sharpen the saw he explains that he has too much work to do and not enough time to sharpen the saw. 

I can?t begin to count the number of companies that tell me they don?t have enough time to take on product lifecycle management.  They say that they have too much work to do and not enough time to address PLM right now.

The easy answer is that they feel that they are too busy to address PLM. 

Often, they have manual methods in place and a very ?sharp individual? managing the whole thing.  They don?t take the time to figure out the cost of a human error or to determine what happens if that ?sharp individual? leaves the company.

Most companies have no idea what it costs to manage a single change request.  They are not aware that PLM software can reduce the cycle times and reduce the administrative costs. 

My point is that there is a cost of not doing anything and that most companies have no idea what that cost is.  So, their company is throwing money down the drain.

Your Thoughts?

How much is procrastination costing your company?