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According to the market research company, Research and Markets, US spending on IT products and services is forecasted to grow to $514.5 billion in 2010. However, the estimated cost of IT failures to the US economy is $1 trillion! Now we’re talking about IT system failures and their net affect on the companies that rely on those systems. But you can bet money on the fact that the institutions and companies experiencing these losses know the IT company who built their system. Furthermore, they’re not going to be buying from that company again, much less recommending it to their partners and contacts. In any company, large or small, your reputation is your biggest asset – you want to be in that 8% group. If your IT projects are failing, then you are not going to win the market share you need to compete in that $514.5 billion market!
The following 5 principles lay out the steps you should be following, to make sure that your projects are completed on time, and on budget, successfully. Read them, learn them, know them, teach them and then make them stick.
Principle One: Communicate
• 40% of project managers cited poor communication as the leading cause if IT project failures
If everyone involved in your IT project doesn’t know what they’re working on, when it’s due, how to get it done and who the audience is, how can you possibly expect your project to succeed?
You know, it’s the coolest nickname I’ve ever received – but it almost sounds negative. I mean am I going in and assassinating your application? No, I go in and make the changes you request and re-deploy your application. So why give me that nickname?