A Practical Approach for IT Governance

Success in Managing IT Projects

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Historically many IT projects fail.  According to McKinsey and Company, based on a 2012 study, on average, large IT projects run 45 percent over budget and 7 percent over time, while delivering 56 percent less value than predicted.  This blog is not about examining the causes of failures such as scope creep or ill-structured requirements, but rather focus on the nature of project management itself.

Most projects are designed top down using a Work Breakdown Structure (WBS).  The WBS  approach appears to be very logical as it groups project tasks into chunks and creates a structure around the chunks.  In itself, WBS cannot be blamed, but the challenge is that chunks change, and frequently.  Agile methodologies have emerged as an answer to manage the dynamics of changes, and clearly collaborative project management tools have also emerged as companions to agile methodologies.  This is a good step, but tools and processes alone are not enough.  Good people, be it traditional WBS approaches or agile techniques, are the essential to getting success.  Not a bad group to thank in the holiday season.

Written by Subbu Murthy

November 29, 2013 at 4:05 pm

Posted in IT Governance

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