Project Management

Conclusion: Many organisations are engaged in implementing digital transformation programs to provide enhanced customer services, e. g. with new products or to reduce operating costs, or both. Unfortunately, many programs fail, sometimes repeatedly, until they achieve their set objectives. What is important though is when failure occurs, use the lessons learned to try again.

Delivering a transformed organisation is hard as it is inevitably accompanied by:

  • Redesigning business processes to meet today’s business imperatives
  • Implementing enhanced information systems
  • Encouraging employees to acquire new skills and be innovative
  • Actively minimising the business risks

Conclusion: The coming global recession will see ICT budgets cut, or at least constrained, in the 2021 financial year through to 2023. CIOs are now inundated with advice that boils down to this singular direction for efficiency and mostly, for survival. Although sound, this advice does not take into consideration that many CIOs have long been practising cost-efficiency. Many IT shops are already cut to the bone.

IT projects will be on the chopping block. Hence, it is crucial to prioritise now – before the cuts are mandated – which IT projects can be shelved for a few years without unacceptable risks to the organisation. It is important to note here that postponing or cancelling projects is being framed as a business risk decision. The CIO’s role is to put forward the risks of delaying or killing off a project, not to be the sole arbitrator. 

Conclusion: Estimating the workdays for an agile- or waterfall-based IT project is not a simple task. However, with effort and a disciplined people-focused approach, it can be turned from an art into, as close as possible, a science.

When the effort is made, management will become more comfortable with the resources needed to complete projects and avoid the unpleasant task of asking for more resources than expected due to flawed estimating.

Conclusion: Projects in trouble or failing need to be assessed with two main possible outcomes: rescue or discontinue. Organisations should carefully consider whether shutting down a project is a better outcome. If the decision is to discontinue then it should be done in a careful and controlled manner which considers the impact on stakeholders, team members and any residual value that can be extracted.

 

IBRSiQ is a database of Client inquiries and is designed to get you talking to our Advisors about these topics in the context of your organisation in order to provide tailored advice for your needs.

IBRS iQ is a database of Client inquiries and is designed to get you talking to our Advisors about these topics in the context of your organisation in order to provide tailored advice for your needs.