Whatever the type and size of your business, whatever its level of experience with project and portfolio management, you can improve the effectiveness of your practices — at your own pace — without disrupting your current operations or increasing the level of heartburn among your current staff. Here’s how.
Traditional IT project management techniques aren’t working very well. According to analysts, 70 percent of IT projects fail to meet their goals. Half of IT projects come in over budget. And, even when projects are executed successfully, all too often they still fail to deliver business benefits.
Two-thirds of companies surveyed felt their program/project management practices are “in need of repair,” a recent KPMG study reported. But, how do you get started? How do you prioritize which issues to address first? What are the risks and potential rewards? What can you do yourself and where will you need help?
This paper helps you answer those questions. It provides new insights into the root causes of IT project failures and misalignment with business unit expectations, along with possible solutions. It illustrates the path to optimized project and portfolio management from four different starting points, and provides step-by-step advice to help you reach new milestones quickly. It is intended to help you make the transition from managing IT