The Project Fail Factor: Why many IT projects fail and how you can do better
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01 Dec The Project Fail Factor: Why many IT projects fail and how you can do better

Posted at 08:00h in SAE by

In many German companies, IT projects fall short of their goals or fail completely. The data speaks for itself: according to the Boston Consulting Group, around 70% of digital transformation projects fail to achieve their desired results. In addition, analyses by Oxford University and McKinsey show that large IT projects struggle with an average budget overrun of around 55%.

Why is this? The reasons are often less technical in nature. Rather, the problems arise from organizational weaknesses and inadequate planning.

The typical stumbling blocks

Recurring causes are easy to identify:

    • Unclear expectations lead to everyone understanding the project outcome differently.

    • Overly optimistic budgets become a risk, especially for complex or safety-critical projects.

    • Weak project and risk management ensures that problems only arise when they can hardly be stopped.

What you should pay attention to from the outset

Stability is achieved when work is carried out properly right from the start of the project:

    • Set clear goals and define requirements together.
    • Estimate the effort realistically, whether top-down, bottom-up, or a combination of both.
    • Get relevant stakeholders on board early on to avoid unpleasant surprises later on.

Why discipline is so important in everyday project work

Many difficulties have little to do with technology. The key is for everyone to work with the same processes, templates, and decisions. Even simple tools such as absence planners or standardized reports can make a difference.

Read the full article here:

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