It’s a Disaster
A good starting point for answering this question is the CHAOS (US) survey compiled by the Standish group, where it was noted from a significant sample set, that 70% to 91% of IT projects /programmes of work were judged as failures each year, with 40% of these cancelled prior to delivery.
Obviously, a project cancelled prior to delivery is surely in anyone’s books a failure. The criteria used to judge the rest as failures were based on whether the projects delivered systems which materially fell short in terms of required functionality, or significantly overshot targeted Time, Quality and Cost coordinates. In a previous post entitled – “Truth about IT Project Failure - How Big is the Problem” I cover this subject in more detail for those interested.
So what is IT Project /Programme Failure Costing The Nation ?
Read more...
Whilst preparing for a presentation titled the same name as this post, I came across a number of surprising statistics which I thought I would share.
The first was the discovery that in the UK we apparently invest something in the region of £100 billion per/annum on change related projects /programmes of work, but the returns earned by industry on the back of such a huge levels of investment are in fact negative.
That’s right industry as a whole loses on change related investments!
The exact figures concerning these negative returns run as follows:-
“Based on GDP the yield is about -6% “
“Based on Shareholder Value over 10 years the return – 4%”
These figures are quite astonishing.
Read more...
Click Business Case Template to get your Word 2003 template.
I was recently in great need of Business Case Template for a project I am running. However, after looking through my own template library and those available for download on the net (Free and Pay per download) I came to the view that none of them were up to scratch. I therefore spent the best part of a weekend putting together what I hope will be one of the best Business Case Template around. The key features which make this template a real alternative to the others I have seen is that it incorporates the following added features:-
Read more...
Click Inter Project Dependency Log to get your Word 2003 template.
So what is an Inter Project Dependency (IPD)?
It is where Projects become so intertwined that one portion of one project cannot begin or be continued unless a part of another project has been completed.
Alternatively, it can be described as the relationship between a key event in a Controlling project and another key event in a Dependent project.
Read more...
Before we can start discussing the “How” we need to first workout the “What”. In the context of Benefits Realisation Management (BRM) what do we mean by the word “Measure” :-
A measure is a metric whose change in the desired direction helps to confirm that the related benefit or dis-benefit is being realised.
In other words a measure is the thing which will be tracked and monitored in order to establish when a benefit has been realised (for example the production cost value). It is not:-
- The actual value i.e. £ 3million
- The Target Improvement i.e. – 30%
- The means of measurement i.e. financial review
- The benefit i.e. reduced production costs.
Read more...
Del.icio.us
Digg this
All contents copyright © 2006, Orbital Media Network. All rights reserved.