Welcome – introduce selfToday’s session is about:Getting consistency and productivity… Organizations spend so much time trying to force fit requirements like a square peg in a round hole.Let’s talk about getting out of your own way… and making yourself and your organization more successful
Explain the model bucketsMaturity will fall to the lowest overall common denominator
OK which is most important to you TIME, BUDGET, DELIVERING ALL FUNCTIONALITY, BEING SUCCESSDULYES – YOU CAN HAVE IT BETTER FASTER AND CHEAPER
Missed functionality cost is % of missed functionality * Cost of building functionality in the first place * % of times this occurs. Findings are related to ‘larger more strategic projects’ but generally apply to all projects in IT.
What this shows is that it is NOT the methodology that counts, it is the maturity of the organization in the adoption of that method. Waterfall, iterative or any other would be EQUALLY effective. The difference in the average performance is FAR more extreme than simply changing the agile variable.
Most Organizations are Level 1 or 2<br />Almost 75% of organizations have not implemented consistent requirements discovery & management practices, let alone institutionalized these practices across the enterprise.<br />
What Impact Does Requirements Maturity Have Within IT?<br />Going from <br />Here<br />to<br />Here<br /><ul><li>Average on time performance of technology projects increased by 161%.
Poor Requirements Effect Both Development and Maintenance Budgets<br />Average Cost of a $250,000 Project by Maturity Level<br />$356K<br />$343K<br />Difference between these two numbers is Requirements Maturity waste…<br />About $1 in $3 spent.<br />$309K<br />$274K<br />$261K<br />$257K<br />Maturity Level<br />N=437<br />Source: Business Analysis Benchmark, 2009<br />
Poor Requirement Maturity Can Consume Over 50% of Development Budgets<br />Requirements maturity waste rises on all projects as project sizes get more diverse<br />Source: Business Analysis Benchmark, 2009<br />From Business Analysis Benchmark - 2008 Study: A 60% premium is paid on ‘strategic projects’ by low maturity organizations<br />
What Impact Does Requirements Maturity Have on Business Stakeholder Groups?<br />Going from <br />Here<br />to<br />Here<br />Project Success Rate:<br />49%<br />89%<br />to<br />81.6%<br />Projects that Hit BusinessObjectives of Development:<br />54%<br />83%<br />to<br />53.7%<br />Time Premium Paid to get to Equivalent Functionality on the AVERAGE project: 35%<br />Time Premium Paid to get to Equivalent Functionality on Strategic (larger) projects**: 56%<br />** From IAG Business Analysis Benchmark - 2008 Study<br />
Myth-Busting<br />Some commonly held beliefs are simply not true…<br />
CIOs Can’t Just Hire Good People and Expect the Problem of Poor Requirements to go Away<br />Lower skilled people in higher maturity companies OUTPERFORMHigher skilled people in lower maturity companies<br />N=437<br />Source: Business Analysis Benchmark, 2009<br />
There is no difference in methodology performance for any given level of maturity<br />(i.e., Requirements maturity is more important than development method selected)<br />Comparison of Project Success Rates: Maturity Level of Organization in Requirements Discovery & Management VERSUS Method of Development Utilized<br />Per Cent of Projects that are Successful<br />Requirements Discovery & Management Maturity<br />N=437<br />Source: Business Analysis Benchmark, 2009<br />
Making Improvement<br />Improvement starts with getting a baseline of requirements definition and management maturity in each of the six competency areas<br />Low maturity organizations spend a mere 25% of per analyst what their higher maturity counterparts spend on making improvement.<br />Organizations must create a plan for change that impacts all six competency areas<br />
Maturing Requirements Gets Results <br />57% of those surveyed increased stakeholder satisfaction and improved on-time/on-budget performance by focusing on improving requirement maturity last year.<br />… and the majority of companies are focused on this area<br />
2009 BA Benchmark Report<br />To obtain a copy of the report, visit:<br />www.iag.biz/benchmark<br />