Delivering Large-Scale IT Projects on Time, on Budget, and on Value
Delivering large-scale IT projects on time, on budget, and on value.
An interesting article around how most large projects cost more and take more time (study was based on research conducted on over 5,000 projects). Sometimes this can put the organization at jeopardy other times just let competition get ahead.
According to the study, there are 4 elements to reigning in project cost and managing cost:
- Managing strategy and stakeholders: focusing on managing strategy and stakeholders instead of exclusively concentrating on budget and scheduling
- Mastering technology and content: mastering technology and project content by securing critical internal and external talent
- Building effective teams: building effective teams by aligning their incentives with the overall goals of projects
- Excelling at core project-management practices: excelling at core project-management practices, such as short delivery cycles and rigorous quality checks
Full article here.