Initiation Phase of a Large IT Program: Key Points to Keep in Mind

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Time management

This process is a crucial part of any successful project. Without careful time management, projects are set up to fail. This process organizes the team to meet deadlines by defining activities, estimating the durations of activities, scheduling activities, and ensuring adherence to the schedule. All programs must have the following activities completed:

  • High-level roadmap – Provides a framework to help plan and coordinate the program. The key objective is to provide consensus within the project teams and stakeholders on how the program is going to achieve its goals in a timely manner.
  • Development approach – In this activity, the software development lifecycle (SDLC) approach needs to be identified, i.e., Waterfall, iterative, agile.
  • Estimation model – The estimation model for the program needs to be identified since it is used as an input to project/program plans and budgets.

Many global companies are using business transformation initiatives to meet changing market needs. Implementing large IT programs is a key component of these change initiatives. Given that the failures of such programs are now commonly discussed, a recent McKinsey/Oxford study highlights that the failure rate of such programs is indeed more often. According to the study, half of IT projects with budgets of over $15 million run 45 percent over budget, and 7 percent are behind schedule and deliver 56 percent less functionality than predicted. What should organizations do to mitigate failure of such programs, and successfully implement their program?

According to Virtusa, most IT programs struggle during the initiation phase since key program management activities are not completed to effectively start the program. This leads to longer startup times and missed budget targets, even before the program begins. The model outlined by Naushad Kapasi, associate director – client services at Virtusa Corporation, contains the key activities that need to be completed during program initiation.

 

Related Topics : A Big Market for Big Data Jobs, Midmarket CIO, IT Management Automation, SharePoint, Technology Markets

 
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