Five Reasons IT Projects Fail. Article by Partho Bhattacharya

Research suggests that large IT projects are at far greater risk of failure than smaller ones. McKinsey revealed that 17% of IT projects budgeted at $15 million or higher go so badly as to threaten the company’s existence, and more than 40% of them fail.

However, regardless of business size IT projects are failing everyday – some are big budget and high profile and make the headlines, others receive less attention, but can be equally damaging to those concerned. But why and what can you do to prevent failure?

parthoPartho Bhattacharya, MD & President, Invenio Business Solutions discusses the top five reasons why IT projects fail.

1. Devil is not in the detail…

The most important factor in success of a project (or failure) is top management commitment in the project (or lack of…). It’s not the operatives but the top management who need to have steadfast focus in seeing a project is successful.

Intel’s CIO, Kim Stevenson, recently commented, “There are no IT projects, only business projects”. Whilst we may become engrained in the day-to-day intricacy of delivering IT that works, we should never lose sight of the bigger picture and the impact of successful IT projects on the business as a whole.

In the digital, hyper-connected age, IT underpins all that we do within an organisation and therefore has the power to transform business processes from the ground up. This means you need buy in at all stages from a variety of stakeholders. Map who these individuals are and ensure that they are a part of the process from the beginning and that their needs and job function have been considered. IT has the power to transform businesses but only if the employees are part of the journey.

2. Project management, skills and experience

It’s no secret that smaller projects are easier to manage and control, but how can this be replicated into larger organisations to ensure the number of failing projects is reduced?

Having the right project manager and supporting PMO team in place is crucial. Too many managers and there’s likely to be conflicts and contradicting priorities, too little and resources will be stretched.

Ensuring project managers have the right skill sets for the role is also crucial. Great project managers will know how to bring together the right team of skilled individuals, and will be able to motivate and inspire even when the pressure is on. The same is true about the team members. The right skills in the right composition is key to project success. At Invenio, we are a team of dedicated SAP consultants so we can provide our customers with the expertise and insights they often don’t have internally – something they find invaluable.

3. Inaccurate timings

Timelines need to be realistic. We’re all familiar with the IT project that was required yesterday, so by setting realistic time scales at the outset – including buffers for testing phases – then projects will be more successful.

It’s better to get it right first time even if it does take slightly longer. Rushed projects can cause hassle down the line so it’s about planning and future proofing your investment to ensure results and success is for the long term.

4. Data & Interfacing

Often ignored at the start of the project is data that the new system needs to use. Often data from old systems is incomplete or inconsistent and this needs to be tackled from day one. Data cleansing is time consuming, tedious and sometimes just not compatible with the system. Too many good projects fail because of useless data that are input and ultimately make the system unusable. If you use the wrong fuel in a world class car, it will inevitably fail to start.

Touch points between systems are another trap often ignored. Interfaces need to tried and tested from both sides thoroughly. A faulty interface can often be the death trap for a good implementation.

5. Keep it real

During the planning and roll out of an IT project there are often unrealistic expectations around what will be delivered and when, by whom and for what reason. Along the journey too, there can be confusing or changing requirements.

Throughout the process, expectations need to be set and reassessed every step of the way to ensure there are no surprises. Total transparency between the partner and the customer is absolutely essential. Through building close relationships with suppliers they can become partners on this journey to ensure full visibility from day one. This will also allow a value added service to be provided.

Choosing a supplier that allows for flexible contracts will enable greater ability to adapt and change along the way, it makes the process easier and ensures projects are delivered as expected achieving the goals set out at the beginning.

Too many IT projects are failing unnecessarily, so businesses need to choose a partner that can best support the needs and requirements of the business. A partner who can ‘hold their hand’ through the early stages, minimise implementation drama, provide expertise and go above and beyond to make the project a success.

We can help

If you would like to comment or know more about anything mentioned in this article you can call our media contact Marie Tuffy today on +44 (0)330 440 1800, or complete our online enquiry form for further information.

Invenio’s 2015 Annual Retreats!

After a busy 2014 and a progressive start to 2015, The Invenio Management Team welcomed the opportunity to indulge their staff members to some fun and relaxation at two annual retreats.

The first retreat was held in February at the palatial Mystic Valley Resort in Maharashtra and the second in April was held at the stunning Heritage Village Resort and Spa.

retreatc

 

Both events kicked off with a welcome meeting where everyone settled down and swiftly moved onto an awards and leadership talk. Leadership messages were given from:

Partho Bhattacharya, Managing Director

Arun Bala, Chief Operating Officer

Manish Goyal, Chief Financial Officer

Naveen Agarwal, Chief Technical Officer

 

After the talks, lunch was given and then the groups participated in some indoor and outdoor team building activities.

Once the activities were over, guests were invited back to their rooms to prepare for the Gala dinner and LATE night partying. We need say no more!

 

 

Considering Upgrading Your SAP Landscape?

Why not grab yourself some free advice?

AMS2Whether you are just considering the idea, or looking to drive improvement through your SAP landscape to support your business, it’s very clear an SAP upgrade is worthy of serious consideration for any organisation seeking to reduce risk of their business operations.

An SAP upgrade could simply be a stepping stone to achieving more business value from a current SAP investment but for other organisations, the SAP upgrade is seen as a building block for a whole new system expansion into other functional areas.

Since it is often difficult to gauge the impact of an upgrade on your existing environment you will need to understand the estimated costs and effort involved, including project duration, downtime and the impact on other systems. You will also need to understand the road map, architecture and technological impact of the upgrade, and provide good understanding of what transitional services and operational support services are required.

Come along to our free SAP Upgrade education event. This event offers you the opportunity to exchange ideas for managing an upgrade and roll-out initiative, as well as actionable plans to drive innovation strategy agendas in their organisations.

Event Date: Thursday, 14th May

Time: 9:30 – 12:30

Event Address: Invenio HQ (Winnersh, Reading)

Who:  IT Directors, Operations Directors, Head of IT, Head of SAP

Agenda

9.30 – Coffee & Registration

10.00 – Introductions and agenda

10.15 –The Business Challenges & Why Upgrade?

10.45 – Coffee break

11.00 – An exclusive client success story (XP Power)

11.30 – Why choose Invenio as your preferred strategic SAP partner

12.00 –Roundtable Q&A session with leading SAP experts

12.30 – Lunch at The Caprice Restaurant and Terrace 

[button title=”Register” icon=”” link=”http://marketing.invenio-solutions.com/Getting-Future-ready.html” target=”_blank” color=”” filled=”1″ large=”1″ class=””]

Complex SAP Procure to Pay System? It Shouldn’t Be.

Remove the headache by changing your technology.

Many organisations, global and national, are facing challenges within their external spend management and as a growing focus is put on procure-to-pay, companies are struggling to figure out how they can use SAP to benefit their procure to pay process.Prometheus

This is where our tailor made, SAP Procure to Pay solution comes in. Our unique system is built specifically to sit on top of SAP, there is nothing else on the market similar.

The easy to use web portal gives your suppliers the freedom to manage multiple aspects of your trading relationship – from new supplier registration, to delivering quotations and proposals, querying work orders, and submitting invoices. With suppliers accountable for these aspects, the administrative burdens previously borne by project teams, procurement executives and accounts payable are substantially reduced.

Simply moving to this supplier-centric model means you realise very significant administration savings.

Invenio will be hosting an event to demonstrate this technology and give attendees the opportunity to exchange ideas and make invaluable professional contacts with your business and technology counterparts at other companies.

Come along and find out how you can make some simple changes:

o    Suppliers will help ease your workload

o    Streamlined your project admin

o    Implement a flawless payment processes

o    Access global capabilities at a localised level

The Event Details:

Event Date: Thursday, 21st May

Time: 9:30 – 12:30 GMT

Event Address:Invenio HQ (Winnersh, Reading)

Who: Senior Executives in Finance, HR, IT, Procurement, Business Managers and other professionals who are responsible for: – Internal cost reduction, make financial management easier, improve existing processes, & rebalance the division of labor between people and suppliers.