infoTECH Feature

May 12, 2016

Innotas Finds 50 Percent IT Industry Project Fail Rate

A recent Innotas survey shows that a lack of resources and improper management caused 50 percent of the research group’s latest respondents to see an IT project fail in the past 12 months.

Innotas, a developer of cloud-based project management software, completes research to support that development. This latest piece of research completed the cycle from idea to commercial launch. The company’s clients, however have had their struggles – mostly with the collection of personnel and other resources, of which 74 percent of respondents noted bogging down their projects.

Kevin Kern, the CEO of Innotas, mentioned that a complete embrace of project management software could help companies jump the hurdles they face when it comes to organizing the assets of any IT initiative.

“The high percentage of projects that failed over the last year, and the lack of resources dedicated to project management, shows that many organizations have not yet embraced an approach that enables project success,” Kern said.

To be clear, researchers found that many of the respondents’ firms were on the right track. Many (64 percent) showed that they had established a project management office in order to keep everything moving forward. The problem with those offices appears to be that they were not equipped to deal with the juggling act that is the management of all pieces of an IT project puzzle.

Such puzzles can include multiple managers and heads of individual sub-projects, periodic deadlines, revision schedules, and goals for alpha, beta, and full commercial releases. In short, it can be difficult to keep everything straight within only a spreadsheet or text file.

Dedicated project management software, Kern continued, could hold the key to success in many failing situations. Innotas’ own Tushar Patel, its senior vice president of marketing, has even noted that resource planning should come at the beginning of any project.

“It does not matter if you are executing well unless you are executing on the right things well,” he commented.

Further, he also listed a series of questions that managers can ask to find out if they are on the right track:

•Are resources ready to complete projects on time and within a budget?

•Can project managers justify the need for additional resources, if necessary?

•Are all project heads assigned specific sets of resources?

Essentially, companies can expect to succeed if they begin with their ducks in a row, have budgeted for project flexibility, and know the path they want to take with all stages of development and execution. Dedicated software can help with that process, and of course, Innotas will be waiting in the wings to provide it.




Edited by Maurice Nagle
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