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

Email     |     Share  
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8
Previous Next

Click through for six key activities that need to be completed during the program initiation phase, as identified by Virtusa.

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

RKONITGrowthFlexibility0x Building High-Growth IT: 5 Things to Know Now

Five factors IT pros need to consider when strategizing and constructing a computing platform built for growth and flexibility. ...  More >>

IT_Man81-190x128 10 Bad Habits that Should Be Banned from the Workplace

Unhealthy work habits, like staring at computer screens and rushing through fast-food lunches, are taking their toll in the form of increased absenteeism, lost productivity and higher insurance costs. ...  More >>

Gov4-290x195 Top 10 Strategic Technologies for Government in 2016

To enable government transformation initiatives, public sector CIOs should focus on and have a plan for this list of 10 strategic technologies. ...  More >>

Subscribe to our Newsletters

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