Wednesday, November 18, 2009

IT Project TCO Perspectives

Dell and the London School of Economics are collaborating to study practices and perceptions of IT decision-makers on creating enterprise efficiency. One of the findings brings emphasis on the impact that project investments have on on-going operating budgets and the need to minimize that impact, so that "run the business" operating costs do not balloon over time and threaten an enterprise's desire to fund further investment. ...

... "* 40 percent of IT leaders see better IT project management as driving more efficient use of technology.

* Dell Perspective: This was one of the largest current concerns of CIOs and decision makers according to the LSE survey. The need for companies to invest in technology that shifts IT spend away from labor costs that lock companies into a keeping the lights on approach is a significant focus. Further, the research addresses the need for greater implementation of simplifying technologies that drive datacenter efficiency, which can inherently reduce risk while also unlocking resources that can drive innovation. " ...


Via Dell: First Results of Multi-Year Study on Enterprise Efficiency

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Tuesday, August 19, 2008

eBusiness Satisfaction Improves on Google Surge

Here is a pulse check on customer satisfaction in the American economy. In the automotive industry, American businesses fail to demonstrate leadership. However, in technology, Apple and Google are the pacesetters. ...

Google leads in  eBusiness customer satisfaction

... "Customer satisfaction with the e-business category of websites surges 6% to an all-time high of 79.3, largely on the remarkable improvement of Google. After slipping behind Yahoo! for the first time last year, Google surged an unparalleled 10% to leave all rivals in its wake. Google's score of 86 sets a new standard for e-businesses and creates a formidable nine-point gap between its nearest competitor, Yahoo!, which fell 3% to 77. " ...


Via American Customer Satisfaction Index: Apple, Google Surge in Customer Satisfaction, PDF

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Tuesday, June 10, 2008

Measuring Innovation

Should we strive to measure innovation? Some high-level measures may be worthwhile to understand the pulse and/or health of innovation. Here are some suggestions for metrics. ...

... "The BCG report recommends that you select a small number of metrics appropriate for your business and have some for inputs, process and outputs. " ...


Via BQF Innovation: Metrics

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Sunday, June 08, 2008

Time and Budget Targets for Projects

Survey of project managers in Ireland show a greater focus on achieving the enterprise objectives over emphasis on time and budget targets. ...

... "only a third of project managers feel that completing on time and on budget are critical to project success. Some 70pc rated meeting organisational objectives as being the most important factor. " ...


Via SiliconRepublic: IT project managers

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Tuesday, December 11, 2007

Project Management Opportunity to Differentiate

Tata shares results of IT project performance survey and the results aren't flattering for the info tech profession. This consistent trend of non-performance offers companies that perform well to differentiate from the pack --- and, maybe, even achieve a sustainable competitive advantage. ...

... "Yet despite these worrying levels of failure to deliver, 43% of organisations say that their business managers and the Board accept problems as the norm. This attitude is especially common in Europe (44%) and AsiaPac (48%). Despite the general poor performance of IT projects globally, such results do not evoke a sharp reaction from management. " ...


IT Project Underperformance is the Norm

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Saturday, October 06, 2007

CRM Projects: Stick to the Basics

Position yourself for success in the customer relationship management space. Do the project management basics - build a case, detail the plan, and check a few performance indicators after the implementation stabilizes. ...

... "Of respondents that have created only a project plan, 50% reported a successful implementation, 60% of those that did an ROI analysis reported CRM success, and 70% that did a post-project review saw success, according to the survey. " ...


Via SearchCRM: CRM business success

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Sunday, September 09, 2007

SOA Awareness High Among Asia Project Managers

Surveys confirm awareness and comfort with SOA technology and an uptick in SOA project investments. ...

... "Dr. Patrick Chan, Research Director of Asia-Pacific Emerging Technologies Research at IDC, explained that most IT project managers have positive attitudes and strong understanding of SOA with mid-sized and larger corporates with more budget power. " ...


Via SDA Asia: SOA Market Pulse

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Monday, July 02, 2007

Agile Tipped?

Have agile methods for software development tipped yet? And, the survey says ...

... "There are two interesting observations about these results. First, although the majority of organizations are applying agile techniques on projects of 10 or fewer people, many are, in fact, trying agile on larger projects. " ...


Via Dr. Dobb's Journal: Agile Survey Results

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Thursday, June 07, 2007

Late IT Projects Hurt

HP / Economist survey shows that late projects are prevalent and having negative business consequences. Speed of delivery is the key metric highlighted in the findings. ...

... "The survey showed that accelerating speed of delivery does not have to aversely affect quality or positive business results. When project overruns do occur the culprits are usually midstream changes to business priorities and poor coordination between IT and business managers. Better definition of business requirements, greater investment in IT process automation and more collaboration across IT functions are the primary solutions for accelerating time to delivery. " ...


Via HP: Global Survey Reveals Late IT Projects Linked to Lower Profits, Poor Business Outcomes

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Thursday, May 17, 2007

Innovation: Influence of Relationships Survey

Survey delves into influence of relationships on innovation process. ...

... "Some data suggests that the quality of the relationships with decision-makers in a given organization may influence whether ideas are advanced (e.g., funded for the first time). The purpose of this study is to investigate whether this is indeed the case. " ...


Via Univ of Penn Wharton School: Survey on Idea Advancement for Knowledge

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Wednesday, May 09, 2007

IT Strategy Is On Board-Room Back-Burner

Deloitte survey provides insights into boardroom perspectives on IT strategy. While boards don't have more time to focus on IT strategy, the limited time available should be used effectively. ...

... "But they don't plan to work toward improving the strategy: 52 percent said their board won't spend any more time on IT over the next three years than it does now. " ...


Via CIO: Board Perspectives on IT

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Sunday, May 06, 2007

Technology Demographics Survey Results

51% of American adults are elite or middle-of-road users of technology. The balance uses few technology assets. ...

... "The questions below allow you to place yourself in one of the categories in the Pew Internet Project's Typology of Information and Communication Technology Users. " ...


Via Pew Internet & American Life Project: Where Do You Fit?

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Saturday, April 21, 2007

Think Clear: Mind Map to Innovate ...

To think clear, mind map. ... even if on paper ... survey says. ...

... "Two-thirds of respondents said the biggest benefit of mind mapping software is that it helps them to clarify their thinking. " ...


Via Innovation Weblog: Results

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Friday, March 09, 2007

Results Project Failure Poll

Communications, resource planning, and scheduling were identified as top root causes of project failures in CompTIA poll. ...

... "Nearly 28 percent of the more than 1,000 respondents to the web poll singled out poor communications as the number one cause of project failure. Insufficient resource planning was the second most mentioned cause of project failure, cited by just less than 18 percent of poll respondents. The third most frequent cause of project failure, according to the CompTIA web poll, was an unrealistic schedule, chosen by 13.2 percent of poll participants. " ...


Via CompTIA: Project Failure - Root Cause Poll ...

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Tuesday, March 06, 2007

Innovation: More Than Products

Recent study on innovation shows that it is top of mind for executives and means more than new product development. ...

... "Companies are infusing innovation throughout their organizations. Seventy percent of senior business leaders use internal communications to promote innovation among employees, and more than two-thirds believe that driving innovation in their business processes and customer experiences are more important than innovation in product development. " ...


Via Weber Shandwick Worldwide: From Corporate Buzzword to Business Imperative in 2007

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Thursday, February 15, 2007

CIO Disconnect: Internal Focus Puts Growth at Risk

Recent Gartner CIO survey shows CIOs are distracted by internal focus and risking IT credibility by not investing in growth enablers. ...

... "However, CIO near-term priorities remain internally focused on IT services, according to a worldwide survey of more than 1,400 CIOs by Gartner Executive Programs (EXP). Gartner analysts warn that this disconnect will place CIOs and IT at risk. " ...


Gartner CIO Survey

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Sunday, February 11, 2007

Innovation Obstacles: Resistance, Time

Pulse-point survey on innovation shows cultural resistance and lack of time as barriers to innovation. Langdon Morris is author of Permanent Innovation, which is the process of innovating continuously, by developing an organizational culture that embraces innovation as a core value. ...

... "Both topics are chronic problems in organizations today, and both are significant red flags that indicate unhealthy situations. If your organization is characterized by resistance to change or you don't feel you have enough time for innovation then it may be time for a serious assessment of your organization's culture, and perhaps some remedial work to shift more of your focus toward something other than short term concerns." ...


Via Innovation Labs: Results of the Permanent Innovation Survey (PDF) ...

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Thursday, February 08, 2007

CIO Pulse Point: IT Governance in Top 10

American Institute of Certified Public Accountants rank IT governance in the top 10 most important technology initiatives for 2007. ...

... "IT Governance: A structure of relationships and processes that direct and control an organization and help it achieve its goals by adding value while balancing risk versus return over IT and its processes. Includes IT ROI, or the decisions around technology investments and how to optimize related returns. " ...


Via American Institute of Certified Public Accountants (AICPA): AICPA 2007 Top Technology Initiatives ... (PDF)

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Thursday, February 01, 2007

Technology Evangelist: Leadership Role Understood

Are technology evangelists engaging and empathetic? This survey thinks so. Understand what makes these folks tick. ...

... "Technology evangelism requires a commitment to the product or service being sold, as well as to the company and its management. A technology evangelist is attached to a cause that embodies a vision, makes people feel better, generates impressive effects, initiates selfless actions, and polarizes people to act positively. Evangelism also requires specific attitudes, strategies, and techniques that are quite distinct from those found within sales or marketing environments. " ...


Via Growth Resources, Guy Kawasaki: Technology Evangelists: A Leadership Survey (PDF) ...

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Wednesday, January 17, 2007

IT Supplier: Pressure Expected

CIO survey indicates increased pressure on IT suppliers to lower costs. ...

... "... negotiating tougher terms with suppliers of commodity systems and services is a top priority in order to free up investment for strategic software development and business change programmes. " ...


Via silicon.com: CIO Survey Results

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Tuesday, November 28, 2006

Innovation: Necessary But Not Sufficient

Recent research illustrates that companies expect their growth to be enabled through innovation, however they see significant room for improvement in their innovation process. To address their shortcomings, the survey results show a strong investment in external spending on the front-end of innovation, including customer and market insights. Survey provides additional findings for improving innovation. ...

... "Furthermore, 50% of the companies reported that 10% to 25% of their revenues over the next 3 years would be driven by products and services that will be developed over the next 12 months. Less than 5% of these companies believe they have a highly effective innovation process and only a small number are using state of the art approaches to innovation like open networks and innovation based metrics." ...


Via ArchStone Consulting: Survey Reveals 50% of Companies Dissatisfied with Return on Innovation Investment (PDF) ...

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Monday, September 25, 2006

Talent Management: Readiness Survey Results ...

Interesting results of recent talent survey ...

Knowledge Infusion performed the 2010 Talent Readiness Survey in the early summer of 2006 to understand the talent gap to be left by retiring Baby Boomers. The study evaluates when people will leave the workforce, if there will be talent shortages that impact business outcomes, the steps organzations can take to find, develop, and retain the critical skills required for success. ...

The survey validates these findings:

Larger organizations are likely to impacted the most by the retiring workforce.

By 2010, a significant portion of the eligible workforce will retire.

To get ready: You must understand the impact on your organization. What percentage of your workforce could retire in four years? If succession planning at your company is focused more on the executive ranks, now is the time to apply succession modeling to your critical skills. Take a skills inventory. Understand the skills across the workforce demographics. Develop a plan to attract and retain the critical skills for your organization.

And, of course, digitizing your talent data enables your organization to provide visibility to this critical workforce information. Cornerstone OnDemand provides integrated on-demand solutions for talent management.

Via Cornerstone OnDemand : Managing Talent in the Face of Workforce Retirement ...

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Tuesday, August 08, 2006

ITIL CMDB: Survey Insights ...

Evergreen shares insights on aligning data center projects with creation of a configuration management (CMDB) database, which is a core component of ITIL. Current state information is needed to jump-start the CMDB, but the data must be maintained through change management to sustain its value to the enterprise. ...

... "As companies are gathering this data, Evergreen suggests that they adopt a CMDB approach to 1) aid in the execution of the data center initiative itself and 2) ensure that this critical data is kept current and made available to the rest of the organization. Key benefits of capturing and maintaining this data in a CMDB include better capacity and resource planning, reducing risk associated with failed change (and a lack of configuration knowledge), and better IT operations in general due to more current, accurate, and useful data. As a core component of the IT Infrastructure Library (ITIL), a CMDB contains relevant information about IT Configuration Items (CI’s) as well as their dependencies on and relationships with each other. A CMDB can include data specific to IT hardware, software, applications, documentation, personnel, and business domains. " ...

Via Evergreen Sys: Evergreen Systems Suggests Organizations Utilize Data Center Initiatives to Drive CMDB Adoption ...

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Monday, July 17, 2006

ITIL Measurement: Upper Quintile Performance for Local Authority ...

Local authority recognized as a service management Center of Excellence ...

ITIL service management performance benchmarks show local UK authority as a Center of Excellence ...

... "The UK Society of IT Management's recent benchmarking survey of more than 200 local authorities ranked Bridgend Council's IT Department in the top 20% of the authorities surveyed. The survey also confirmed a 23% improvement in Bridgend's user satisfaction since the equivalent survey two years before. " ...

ITIL Measurement: Upper Quintile Performance for Local Authority: Via SourceWire: Bridgend County Borough Council is first Datawatch Centre of Excellence and the only one in Wales

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Sunday, July 16, 2006

Project Management Tools and Techniques Survey: Your Help is Needed

Here's your chance to find out what tools and techniques people are using in the project management arena.

PM Forum has posted a link to a survey being conducted by the Business School of the University of Quebec at Montreal.

By responding to the survey, you'll have immediate access to the data as it accumulates, you'll receive a summary report by summer 2006, and you'll be able to access the summary report from an earlier survey done in 2004.

Here's the link....

PMFORUM, Connecting the World of Project Management PMFORUM Breaking News: PMFORUM.ORG VISITORS INVITED TO PARTICIPATE IN PROJECT TOOLS SURVEY

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Monday, May 22, 2006

Project Management Holy Grail; Keep Searching

With all the hoopla over the DaVinci Code, I figured I'd share this insightful article from Max Wideman on what many have considered the "Holy Grail" of project management---the ever elusive set of "best practices."

Wideman rightfully argues that any list of best practices is likely tainted, because who'd want to share anything so groundbreaking that it gives them a competitive edge---and if it was so groundbreaking, it would most likely get lost in the survey process that looks for frequently used practices.

So, instead of best practices, we end up with "common practices," which in many cases are extremely flawed.

Better to break new ground and look for unique approaches that fit what you are trying to accomplish, or look for the best examples of what some other organizations are doing. But beware of surveys that claim they show "best practices."

When it comes to project management, you'll just need to keep looking for the Holy Grail. Better yet, try to create one, as I'm attempting to do with my new Service-Oriented Project Management (SOPM)™ model, and others are doing, such as Garry Booker with his Streamlined Earned Value model and his other creations. But you won't see any of these on any "best practice" lists.

Here's the full article...

Max's Musings - The Fallacious Argument of Best Practice - Or the Holy Grail of Project Management

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Thursday, April 06, 2006

More Earned Value Woes for IT

I mentioned the other day that the IT industry has been struggling to adopt Earned Value Management. There's a three-part series on Projects@Work on Earned Value that illustrates the trials and tribulations thus far. This first part is based on a survey from Primavera that demonstrates just how far behind the IT industry is.

Ironically, this is especially so in the US government (the focus of the Primavera study), despite a mandate from the OMB (Office of Management and Budget) that any IT organization that wants to get their project approved must use Earned Value for tracking cost.

According to the article:

Respondents cite three big EVM challenges:

  • 25 percent say they are unfamiliar with EVM;
  • 24 percent say they lack personnel trained in EVM; and
  • 21 percent say they lack senior management interest.

As the article points out, the latter is the most suprising, considering the OMB mandate. It just goes to show that these things must be driven from the top if they are to be effective.

I suspect part of the problem is that the concepts need to be made simpler for management to embrace it, or at least the focus should be directed at the ultimate EVM figures management would care about, such as "Estimate at Completion," as opposed to the more cryptic Cost Performance Indices (CPI) - although they're valuable as a project manager's tool.

If you really want to turn a senior manager off, just show them an Earned Value metrics chart. Better to sell them on the concepts first and give them the resulting target estimates and planned corrective actions rather than the nuts and bolts of EVM metrics.

http://www.projectsatwork.com/content/Articles/230677.cfm

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Wednesday, March 22, 2006

ITIL Best Practice Projects Accelerating ...

Voyence's survey results on ITIL adoption shows that approximately half of those surveyed expect to accelerate ITIL best practice projects over the next 18 months. Change and configuration management were selected as the most important ITIL implementation. The next most important ITIL-candidate processes were incident and problem management. ...

... "Voyence, a pioneer in automated change and configuration management solutions, announced the results of a survey taken at Pink Elephant's 10th Annual International IT Service Management Conference from Feb. 12-14, 2006. Voyence sampled 83 random IT administrators at the show to determine the industry's readiness for regulatory compliance demands and how quickly the industry is adopting IT Infrastructure Library (ITIL) best practices. " ...

ITIL Best Practice Projects Accelerating: Via Voyence: Survey Reveals More Than 90 Percent of IT Managers Cannot Prove Network Compliance With Government Regulations: Survey Indicates ITIL Best Practice Projects Accelerating Due To Compliance Requirements ...

ITIL best-practice implementation projects are accelerating.  Ride the wave.  ...

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Friday, March 10, 2006

Innovation and Project Management - Part 1 of 3

As I had mentioned previously, The Ten Faces of Innovation, by Tom Kelly of IDEO, with Jonathan Littman, is an excellent book on how to create a truly innovative environment (as opposed to just saying "from now on, we're going to be innovative").

Some think that innovation has nothing to do with project management---that innovation is about generating ideas, and project management is merely about executing them. In my view, this is absolutely wrong, as you will hopefully see as I share a summary of Tom Kelley's "Ten Faces of Innovation."

Even as a summary, there's a lot to share, so I'm breaking this into three parts. Each part will share one of the three groups of "personas" Kelley covers in the book; The Learning Personas, The Organizing Personas, and the Building Personas. In this post, I'll summarize The Learning Personas.

As noted in the book, it's important to note that each persona is just that, and not a "position". Some people can have multiple roles, and not all roles are needed on every project. But in general, the more roles that are covered, the more successful your venture will be.

Meanwhile, here are the first three personas, adapted from the book, with my own comments added (keep in mind that the book offers a heap of antectodal information that supports these personas---real stories from real companies).

The Learning Personas

1) The Anthropologist – Observes human behavior and empathizes in order to determine what’s really needed. Fanatically keeps lists of issues and ideas. [As Toyota's slogan goes, “Go and see for yourself.” Don’t judge by a needs survey alone.] Henry Ford said, “If I had asked my customers what they wanted, they’d have said a faster horse.”

2) The Experimenter – Likes to try new avenues, using fast, inexpensive prototypes. Not afraid to think out of the box and “fail often to succeed sooner.” Uses enlightened trial and error. Can also do "implementation by experimentation" for multi-locations by engaging remote sites in prototyping, and letting them adapt to their site as needed (as opposed to a rigid “rollout”).

3) The Cross Pollinator – Examines other industries, genres, and cultures, to mine for ideas and look for analogies. These are typically “T-shaped” people, with a deep understanding of at least one core area and a broad interest in many other topics. Well-rounded, and with many interests, these people are a core source of ideas.

As you can hopefully, see, these learning personas are quite applicable to project management and cannot be divorced from the process of taking an idea and turning it into reality---and isn't that what project management is all about?

Up next in part 2, The Organizing Personas...

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Wednesday, March 01, 2006

Project Failure Rates Still High, According to National Survey

Apparently, project failure rates are still soaring. So says a national survey of 2,000 project managers and contributors, according to Projects@Work. The article said that only one-third of respondents claim their projects are frequently completed on-time and on-budget, and less than half said their projects frequently meet their goals.

Here are the main causes, as stated in the article:
Nearly 46 percent of respondents said their project teams aren’t often given clear, attainable goals. Nearly 69 percent of respondents said project teams aren’t usually given enough resources to accomplish their goals. And nearly 55 percent of respondents said the right people aren’t usually selected to lead or serve on project teams.

The survey was conducted in the fall by Quality Progress magazine, Kepner-Tregoe, and Guttman Development Strategies, and was just released this month. For more, read on...

http://www.projectsatwork.com/content/Articles/229868.cfm

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Wednesday, January 04, 2006

Business-Technology-Alignment: Governance Committment ...

IT Governance Institute survey shows that formalized governance of IT is lacking in 50% of organizations. Paul Williams explores the drivers and leadership committment necessary to fully align IT with the business strategy through governance. ...

... "Aligning IT with overall business strategy calls for a continuous effort requiring full support from all levels of the organization, beginning with the CEO and board of directors. " ...

Business-Technology-Alignment: Governance Committment: Via ZDNet India: Align IT and business for success

Committment to IT governance will align business and technology for success ...

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Tuesday, January 03, 2006

Project Management Biggest Challenge for 2006

According to a Computerworld survey, 33% of respondents rated project management as their #1 management challenge of 2006, even ahead of budget constraints and regulatory compliance. Specifically, the biggest challenges, according to Computerworld are:

1) Managing Global Teams (understanding cultural differences, language and calendar differences, offshore resources, etc.)
2) Moving Parts (i.e. managing complex projects with multiple threads, multiple sponsors, outsourced resources, and multiple phases)
3) Iterative Development (adjusting to more agile approaches, which have proven to be more effective)
4) Vendor Partners (managing outsourced resources, integrating managed service providers, etc.)
5) Project Portfolio Management (i.e. categorizing projects and focusing on the most important work)

It looks to be a busy year for project management consultants. For more info, read on ...

What's Next: Project Management - Computerworld

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Thursday, December 29, 2005

The value of Project Management

One of the regular discussion points during consulting engagements is the value of project management. The engagement sponsor usually gets it - otherwise the consultants would not be there at all. However it is common to find other staff who, for a variety of reasons, argue that 'we don't need project management here'. We are faced with the old dilemma - 'for a believer, no evidence is needed; for a non-believer, no evidence is sufficient'. But there are many people who can be convinced by good evidence and this particularly includes managers with some responsibility for performance and the bottom line. The survey statistics in this paper relating to benefits realised in IT organisations make impressive reading.
Value of Project Management in IT Organisations

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Sunday, December 11, 2005

Information Technology Profession: Understand the Skill Shifts

IT leaders value business, functional, and project management skills, but are not investing in the entry level programming skills in the U.S., where early talent is developed. Christopher Koch, CIO, challenges the recent data that the IT workforce has regained its Y2K size and everything is just peachy. Further review of the data shows major structural shifts in skills and jobs have occurred. ...

... "In a survey of 82 companies that began earlier this year and is continuing, the Society of Information Management's team of academic researchers asked which skills IT leaders thought were most important to keep in house today. The top skills were all related to business process or project management. " ...

Information Technology Profession: Understand the Skill Shifts: The Structural Shift in IT - Koch's IT Strategy - Blog - CIO

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Tuesday, November 22, 2005

Project Team: The Ideal Collaborative Team Members ...

Recent survey favors project team members with an open mind and natural curiosity over familiarity and reputation. ...

Project Team: The Ideal Collaborative Team Members ...: Via How to Save the World: A New Survey Suggests that Attitude is More Important than Experience in Collaborative Work ...

... "Two criteria, enthusiasm for the subject of the collaboration, and open-mindedness and curiosity, are rated as the most important criteria by virtually all segments of respondents. " ...


The ideal project team member ...

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Sunday, October 16, 2005

Project Management Maturity Tied To Organizational, Technical Support Systems

PM Forum reported this week that PriceWaterhouseCoopers just released a survey on project management maturity. The entire study is available on the PriceWaterhouseCoopers web site

The PM Forum news brief lists the key findings. Most notably, it highlights, "Project failures are often a consequence of aspects that are organizational and over which the project managers have little influence." Another notable finding is, "The extent to which project management software is used is correlated to maturity levels."

So, before putting all the blame on project managers for your organization's project management maturity woes, take a look at how the surrounding organizational structure supports the goals at hand, and whether software and processes are set up to be enablers and not barriers.

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Thursday, September 29, 2005

IT Governance: Application Services Flexibility or Efficiency?

IT Governance: Application Services Flexibility or Efficiency?: Via eFinland: Helsinki School of Economics Study on IT Governance: Business Management Expects Flexibility, IT Management Seeks Cost Efficiency ...

Survey explores IT governance topic of outsourcing application services and identifies different perspectives on flexibility and cost efficiency ...

... "This information was gathered from a recent study, Application Services as Part of IT Governance: Possibilities and Challenges of Outsourcing Application Services. It analyses the perceptions of business and IT management of the largest companies in Finland in terms of using application services in IT management functions. " ...

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Failed IT projects cost businesses millions, says survey

The KPMG research, which was carried out among 134 major listed companies in the UK, US, Africa, Australia and Europe, found that 56% of the organisations surveyed had to write off at least one failed IT project in the past 12 months. The average loss incurred by the businesses surveyed was £8 million per failed project, whilst the largest single project failure reported cost £133 million. Owch!
For more info see: Failed IT projects cost businesses millions, says survey | OUT-LAW.COM

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Thursday, September 22, 2005

Project Management IT Skills Critical, Survey Says ...

Via SIM: EXECS PROVIDE INSIGHT INTO CRITICAL IT SKILLS FOR THE FUTURE IN NEW SIM RESEARCH ...

SIM, The Society for Information Management, published preliminary results from research project on future workforce skills in the information technology field ...

... "SIM’s initial exploration investigates critical IT skills. Highlights of this analysis include: Project management related and business domain capabilities topped the list of critical in-house IT skills in 2005; " ...

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Monday, September 19, 2005

Project Management Categorization; One Size Does Not Fit All

The most forward-thinking organizations are developing project management frameworks that vary based on certain project criteria. A key element of this is the project's classification.

Some thought leaders in this are Lynn Crawford, Brian Hobbs, and J. Robert Turner, whose book, Project Categorizations Systems, comes out this fall from PMI. Also, Russell Archibald's report on the 2003 IPMA Global Survey on Project Categorization (reported in Budapest in 2004) is well worth reading (click on the PDF link for best readibility).

NASA has decided to embrace project categorization, and has recently put together an initiative to develop a scalable project management framework that can adapt to certain project classification criteria (for example the complexity, urgency, and technology aspects as well as certain product types). Below is the full report (again, click on the PDF version for best readibility).

Identifying NASA Specific Project Types

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Saturday, September 17, 2005

Project Management and Governance

This Meta Group article gives the result of a survey that reports 73% of IT organisations did not expect their projects would be within 10% the budget. 14% had no expectations at all! Does this matter? When projects are the mechanism by which organisations implement change, it certainly does. If you can't predict what it will take to implement change, how do you know how much change you are capable of implementing, when and how can you integrate various changes from multiple projects.
The conclusion is that organisations must have effective governance processes. The article goes on to describe some guidelines for what constitute good governance methods.
Project Management Essentials: IT's About Governance

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Thursday, September 15, 2005

ITIL Market Assessment: Podcast

Via Business Value of IT / IT Governance: Podcast Series on Evergreen's North American ITIL Assessment

Don Casson provides 5part podcast on Evergreen's ITIL assessment in North American market ...

... "recently completed comprehensive analysis of the results of Evergreen's North American ITIL Assessment. We conduct this informal survey two times per year with attendees at key industry events. This most recent survey took place at the 9th annual International Service Management Conference hosted by Pink Elephant. " ...

Listen to the ITIL market assessment podcast

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Tuesday, September 06, 2005

PMForum Announces Project Management Soft Skills Survey

Hello PMThinkers! Your help is needed! PM Forum is inviting readers to participate in an important survey on Project Integration Management, including managing stakeholder relations, negotiation and teamwork. It only takes 20 minutes and can help influence advancements in the field. Results will be published in PM World Today (and of course we'll post a link when it's available).

Here's the link...

PMFORUM, Connecting the World of Project Management PMFORUM Breaking News: PMFORUM READERS INVITED TO PARTICIPATE IN PROJECT INTEGRATION MANAGEMENT SURVEY

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Tuesday, August 30, 2005

Project Manager Salary Report

Looks like Project Managers are in high demand. Here's the latest from Global Knowledge.com:

Project Management is one of most in-demand skills sets in the market today. A recent search resulted in over 3,200 positions available on ComputerJobs.com alone. But the skills you possess do play a major role in the salary that you may expect to earn. According to a recent survey, the average salary for a Project Manager is $75,000. However, salaries ranged from a low of $30,000 to $160,000 annually. To learn more about what you're worth, view our free Project Management Skills Salary Report. Included are the high, low and average salary for 15 specific Project Management Skill sets.

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Monday, August 22, 2005

Brainstorming Project Ideas or Solutions?

The Delphi technique has long been accepted as an effective means of soliciting group input, especially in situations that are politically charged or where there's a need to avoid a dominant party taking over. It's typically facilitated via a series of email iterations to brainstorm ideas or solutions and then prioritize them.

Here's a good writeup on the Delphi technique, along with an example of it's use in a survey on medical practice improvements.

THE DELPHI TECHNIQUE

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Thursday, August 18, 2005

Benefits Realization: Accelerate Time to Value

Often, benefits do not immediately accrue at the completion of an IT project. A period of stabilization is needed for the newly-enabled business process(es). Also, the workforce may need to be nurtured to drive adoption rates to the targeted levels.

In order to accelerate time to value, key process indicators and usage rates should be baselined prior to go-live and tracked immediately following. Techniques, such as Six Sigma, may be required to ensure delivery of the full business value by methodically eliminating defects that prevent world-class process performance.

References on benefits realization:

Via Planview: PlanView Announces Results of CIO Survey: Fortune 1000 Companies Say Benefits Realization a Key IT Challenge ...
... "Benefits realization is a key component to the clear communication of IT's contribution to the overall objectives of the organization. It begins with the strategic initiative and is reviewed in a disciplined cycle through funding, project definition and execution and product or service deployment to provable benefit realized. " ...


Via IBM: Reaching efficient frontiers in IT investment management ...
... "And measuring doesn’t end as soon as the project does. A key aspect of value realization is post-implementation evaluation to assess the actual benefit realization at future points in time. Initial project planning needs to include benefit assessment after the project has been delivered. " ...


Via DMReview: Managing a Breakthrough Data Warehousing Project ...
... "The trend for the 21st century is to manage portfolios of projects which include IT as a component, or intermediary outcome, of the entire life cycle from concept to benefits achievement. An effective project management methodology is needed to detail the planning process necessary to ensure the business objectives are met. " ...

Benefits Realization: Accelerate the time to value when realizing benefits from IT projects ...

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Saturday, August 13, 2005

BTO Business Technology Optimization: Market Size $6B By 2007 ...

BTO Business Technology Optimization: Market Size $6B By 2007: Via Mercury.com: BTO Market Expected to Grow to More Than $6 Billion by 2007, Yankee Group Reports ...

... "Yankee Group forecasts a rapid 21 percent compound annual growth rate for the BTO market through 2007. Investment in BTO technologies is projected to be $3.3 billion globally in 2004, up 18 percent from $2.8 billion in 2003. Yankee Group projects growth will continue to $6 billion by the end of 2007. These investment trends are driven by the need to change the status quo in IT. In 2004, BTO projects will focus on optimizing applications and IT processes to reduce inefficiency and costs. Yankee Group research indicates that the definition of BTO will expand in scope over time to transform IT units into more strategic, business-oriented organizations. " ...

BTO Business Technology Optimization is gaining momentum in the information technology space ...

Mercury Interactive, the global leader in business technology optimization (BTO), is committed to helping customers optimize the business value of information technology (IT). Founded in 1989, Mercury conducts business worldwide and is one of the fastest-growing enterprise software companies today. Mercury provides software and services to govern the priorities, people, and processes of IT; deliver and manage enterprise applications; and integrate IT strategy and execution.

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Project Selection: Financial Return ...

Project Selection: Financial Return: Via Best Practices, LLC: Best Practice Summary: Benchmarking Project Management: Performance Measurement, Processes and Tools

Financial returns are prevalent criteria for project portfolio prioritization and selection, according to study ...

... "Based on a survey of 20 organizations, this 22-slide presentation identifies how to understand project management operations at companies with renowned project management operations. ... Companies can use this information to understand the best methods for project management and high performance rate. Specifically, the study found that financial impact, including revenue generation and cost savings, are primary factors companies consider when prioritizing projects. " ...

Project portfolio management: projects can be prioritized and selected based on financials returns, such as ROI, NPV, etc. ...

Best Practices, LLC was founded in 1992 by a group of service professionals with roots at the Harvard Business School. Our founder and CEO, Christopher Bogan, is the author of the influential book Benchmarking for Best Practices: Winning through Innovative Adaptation, published by McGraw-Hill.

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Sunday, August 07, 2005

Texas Surveys Public IT Project Management: OnTime OnBudget ...

Texas Surveys Public IT Project Management: OnTime OnBudget: DIR - A Survey of Current Best Practices and Utilization of Standards in the Public and Private Sectors

... "This document presents the results of an extensive survey of the current use of standards and best practices to assure that Information Resource (IR) projects are successfully completed on time, within budget and with the intended benefits. Federal government, state government, and private sector organizations were included in the scope of this survey. Key standards and critical success factors are identified, with excellent correlation of these to the internal QA guidelines and model procedures being developed for Texas agencies. " ...


Everything is bigger in Texas, including the desire to excel in IT Information Technology project management ...

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