IT executives have been told to accept project failures as a reality of their portfolio—some reports even estimate failure rates for IT projects at 68%—but in today’s fast-paced world, the stakes for projects are higher than ever. The operative word in IT security, for example, is “breach”; that is, the weakest link can break the chain, so a single failure is enough to undo all other efforts. In this environment, “good enough” doesn’t get it done.
And while the margin of error is razor thin, the consequences for failing to keep data secure are utter disaster. The mere thought of something like what Equifax is experiencing happening in anyone’s own organization is enough to keep IT leaders up at night. (more…)
In a world where 68% of all Information Technology (IT) projects fail, Chief Information Officers (CIOs) are accountable for one of the most challenging aspects of growing a business. Accordingly, CIOs have some of the shortest tenures among any executive position.
The reason many organizations are not able to deliver on these mission-critical initiatives is because of an ineffective Project Management Office (PMO). (more…)