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

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Resource management

This process manages the most crucial aspect of the project - its people. This area ensures efficient and effective deployment of an organization's resources to achieve the program’s objectives.

  • Resource management – Defines the processes for resource estimating and deployment. This activity ensures resources with the right skills are available as per the timelines in the program plan.
  • Stakeholder management – This activity includes identification of stakeholders and managing them to align with the program and business objectives. Communication is an important factor in stakeholder management.

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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