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The Route to Project Success Developed for Effat College, January 2003 Data Management Consultancy CONTENTS Introduction: Facts and Figures about IS success and failure What is an Information System strategy Understanding different types of IS projects Project success and failure SESSION ONE Introduction: Facts Figures about IS project failures Defining Information Systems Strategy Project Success and Failures:Statistics The Robbins-Gioia Survey, USA. 232 survey respondents from different industries including government, IT, Communications, financial, utilities, and healthcare: 51% viewed their ERP implementation as unsuccessful KPMG, Canada. The survey covered1,450 public and private sector organizations: Over 61% of the IT projects that were analyzed were deemed to have failed Project Success and Failures:Statistics The Chaos report, USA. The survey covered 8,380 applications through IT executive managers in large, medium, and small companies across major industry segments: banking, securities, manufacturing, insurance and government organizations: 31% of the projects will be cancelled before they ever get completed 52.7% of projects will cost over 189% of their original estimates Only 16.2% of software were completed on-time and on-budget Statistic cont. The OASIG study, UK. Sample based on 45 experts employed by universities and consultancies. The bottom line is: 7 out of 10 IT projects “fail” in some aspect. Seventy-four percent of all IT projects fail, come in over budget or run past the original deadline... 28 percent of projects fail altogether.Source: The Standish Group Every year, $75 billion is spent on failed IT projects in the U.S.Source: The Standish Group What is an Information System? Strategy Simple definition Knowing where we are now Knowing where we want to be and knowing roughly how to get there Information Systems Strategy Session Two Let us understand different kinds of IS projects WHY DO WE USE IT ? Differ
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