Question is how do companies increase the chances that their IT projects deliver the expected value on time and within budget?
Our surveys for IT derivatives shows that the key to success falls in mastering four broad dimensions, which combined create a methodology for large-scale IT projects that we name “value certainty.” The following factors make up this approach:
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Focusing on Management tactics and stakeholders instead of only concentrating on budget and scheduling
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Mastering technology and project content by employing critical internal and external talent
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Creating efficient teams by matching their needs with the overall goals of projects
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Emphasizing at core project-management strategies, such as short delivery cycles and constant quality checks
According to survey responses, an inability to master the first two dimensions typically result in about 50% of all cost overruns, while low performance on the second two dimensions accounts for an additional 40 percent of overspending
IT systems are an essential competitive factor in many industries, technology projects are increasing in size,affecting more parts of the organization, and promote a risk to the company if something goes wrong. Unfortunately, things often do go wrong. Our research, performed in cooparation with the University of Oxford, suggests that half of all large IT projects—defined as those with initial price tags exceeding $15 million—massively blow their budgets. On average, large IT projects run 45 percent over budget and 7 percent over time, while delivering 56 percent less value than expected. Software projects have the highest risk of cost and schedule over spending
PROJECT COST UTILIZATIONS
IT PROJECTS
We use leading project management and collaboration systems to maintain our projects on track whether the client is in Toronto, Orange county or another time zone.Also we need to know that technology is only a tool. Through focusing on details and constant communication, we inspect and avoid potential problems before they have a chance to cause delays or budget overruns.
PROJECT MANAGEMENT
