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

Email     |     Share  
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8
Next Initiation Phase of a Large IT Program: Key Points to Keep in Mind-7 Next

Program kick-off

All the previous processes have to be completed before program kick-off since they are very tightly interrelated to each other, i.e., budget management ties into time management because in order to ensure that the project is completed on budget, it also has to be completed on time.

The program kickoff meeting is scheduled for introducing the members of the project team (including clients, stakeholders, employees, contractors and external vendors) to the program mandate, the program roadmap/plan, and the roles of the team members. This is essential to align the program team on the program objectives.

The program initiation model outlined previously ensures a successful program start-up and gives a solid head start in achieving your program objectives. These critical steps will prevent program startup failures and provide a higher rate of successful program execution.

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

 
More Slideshows

Fake news How Can We Fix the Fake News Problem?

Is fake news a security issue? Some say yes, as it can be used as a social engineering tool to spread disinformation and conceivably to get unsuspecting users to click on malicious links. ...  More >>

IT security skills 7 Top Skills for Security Pros

Executives at several top tech firms outline the skills they need now and in the near future, including IaaS and IoT security expertise. Other skills listed may surprise you. ...  More >>

142x105itbeusasecurity2.jpg 9 Predictions for Cybersecurity’s Role in Government and Politics in 2017

Experts predict how cybersecurity will affect and involve our government, policies and politics in 2017. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.