Blog Is your IT business case doomed to fail?

It may come as a surprise to you that despite global IT spending lying at a staggering $3.4 trillion USD, more than half of projects across organizations fail1. Building an effective IT business case can align a project with the actual business needs and increase your chances of success.

 

Watch our latest video to find out more about the 6 rules you need to follow to make your business case investable:
 
1. Objectives
2. Impact of non-action
3. Background
4. Financials
5. Risks
6. Timescales

The importance of aligning IT projects with business needs must not be underestimated. A recent Gartner study shows that the top priorities of CIOs and CEOs can be vastly different. CIOs have been shown to prioritize performance, while CEOs focus on growth.
 
And when comparing the focus on talent, the gap is much wider. In our video you can see what percentage of CEOs consider a strong workforce as a key attribute against the percentage of CIOs who feel the same way.
 
So what do these discrepancies actually mean?
 
When looking at the annual Innotas survey, the answer may be simpler than you think.
 
The number of IT projects not reaching completion is increasing each year, with 55% failing in 2015. Why? According to a striking consensus, IT business cases are misaligned with the overall business needs. 
 
Simple steps, such as more focused communication, executive buy-in and task ownership can be the difference between project success and failure.
 
An effective business case lays the foundations to avoid conflict during a project lifecycle.
 
Develop your own business case and drive IT projects to completion by downloading our step-by-step guide: How to Build a Business Case for IT Investment.

Download the How-to Guide
 

 

Watch Video


 

 
[1] ‘More than half of IT projects still failing’, CIO.com, May 2016
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