Capitalizing on

Technology
Introduction

▶ In today's fast-changing tech world, opportunities

abound to improve IT offerings—as do the challenges
associated with adopting new practices and systems
on budget, on time, and on mission. Still, more than
half of all IT projects are failing, according to a recent
study. A survey of 126 IT professionals found that 55
percent of them had experienced a project fail—a
significant jump from 32 percent in 2014. Why?
Because, all too often, well thought-out projects fail
because resource allocation does not align with business
goals.
Effective project management

▶A powerful way forward—but it's often left by the

wayside. It's easy to understand the desire to cut
corners: Budgets are ever-tightening despite relentless
demand for fast, reliable information delivery. Why
invest in a traffic cop who dots the I's and crosses the
T's when the real priority is the tech development itself.
Role of Project Management

▶ The reality is that the role of project management has

changed dramatically over the last few years. Its
importance has grown as technology strategy has
become more central to business strategy. Investing in
smart project management can not only drive project
success rates, but also can increase the value of the
technology investment by ensuring that technology
selection, implementation, and adoption plans are
aligned with larger business strategy.
Tech-savvy Project Management
Office

▶ A tech-savvy project management office (PMO) can

guide technical decision-making in a way that keeps
business goals consistently front and center throughout
the process. Helmed by a tech-savvy project manager
who understands the business goals and the
technology, every new initiative can support the
strategic vision—and be brought to life on budget and
on time.
Importance

▶ Project management office pays for itself by keeping a

valuable technology initiative from going off the rails
and over the budget. It's an investment in protecting a
much larger investment: your technology.
NEXT MEETING:

ORAL RECITATIONS:
1. What has been discussed today
2. Culture and Project Management
3. Scope and Project Management