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.
See how current IT market conditions compare with the state of spending, skills needed and areas of impact originally forecast in November 2013. ... More >>
It's no surprise that the threat of data breaches, regulatory compliance and meaningful use are issues that keep health care CIOs up at night. ... More >>
With presentation skills being seen as so critical to a person's career, it's essential to find ways to deal with the fear and overcome the obstacle. ... More >>