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Assured Failure: Five Mistakes that Guarantee Project Collapse

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Even the most well planned and funded projects can fall short of expectations due to fundamental blunders. One in six IT projects have an average cost overrun of 200% and a schedule overrun of 70%. Can you or your company afford that type of ROI on your next investment in technology? Join us as we explore five key factors that can sabotage any project; their causes, their effects, and how to avoid them.

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Assured Failure: Five Mistakes that Guarantee Project Collapse

  1. 1. WELCOME
  2. 2. AFIDENCEIT A Company Built on Trust EXECUTIVE ADVISORY PROJECT MANAGEMENT TECHNOLOGY MANAGEMENT SECURITY & COMPLIANCE AWARD WINNING LAUNCHED IN 2010 MASON, OH (HQ) MIAMISBURG, OH75+ CLIENTS IN 30 STATES & 15 COUNTRIES
  3. 3. ASSURED FAILURE Five Mistakes That Guarantee Project Collapse
  4. 4. WE’VE ALL BEEN HERE… ASSURED FAILURE
  5. 5. WHAT IT CAN FEEL LIKE ASSURED FAILURE
  6. 6. AGENDA AGENDA Lack of Stakeholder Alignment Hero Time Estimates Scope Creep Failure to Communicate Undefined Success
  7. 7. THE IRON TRIANGLE ASSURED FAILURE
  8. 8. SCOPE CREEP
  9. 9. SCOPE CREEP  National Lampoon’s Christmas Vacation  The Expansion or Changing of Project Goals While the Project is in Progress SCOPE CREEP THE SILENT KILLER
  10. 10. SCOPE CREEP r Clear Alignment of Project Goals “BE ON THE SAME PAGE” Strong Sponsor Support “PROVIDE AIR COVER” Exhaustive Requirements Collection “MINIMIZE THE MISSES” Extensively Documented Change Log “BE ABLE TO TELL THE STORY” PROPERLY MANAGED SCOPE THE SILENT KILLER
  11. 11. LACK OF STAKEHOLDER ALIGNMENT
  12. 12. LACK OF STAKEHOLDER ALIGNMENT  Qantas, Australian Airline, 2005  Introduced the ‘Jetsmart’ Parts Management System  Cost $40 Million AUD LACK OF STAKEHOLDER ALIGNMENT IT TAKES A VILLAGE
  13. 13. LACK OF STAKEHOLDER ALIGNMENT Lack of Business Goal Knowledge IT TAKES A VILLAGE Unidentified Stakeholders and Expectations Lack of Clear Goals Lack of Stakeholder Alignment
  14. 14. 14HERO TIME ESTIMATES
  15. 15. YOU’RE NOT ONE OF THE AVENGERS  Police Chief Simon Overland  Victoria Police Department, Australia, 2005  Replace an 18 Year Old Criminal Database System  Cost = $100 Million AUD HERO TIME ESTIMATES HERO TIME ESTIMATES
  16. 16. HERO TIME ESTIMATES YOU’RE NOT ONE OF THE AVENGERS Project Cancellation Not Meeting Deadlines Poor Quality Deliverables Failure to Properly Schedule Project Plan Inflexibility Poor Resource Management JUNK IN JUNK OUT
  17. 17. FAILURE TO COMMUNICATE
  18. 18. FAILURE TO COMMUNICATE FAILURE TO COMMUNICATE  Summer Olympics & G4S  London, 2012  G4S Contracted with the Olympic Games to Provide 10,000 Trained Security Personnel  Cost = $60 million CAN YOU HEAR ME NOW?
  19. 19. FAILURE TO COMMUNICATE CAN YOU HEAR ME NOW? • Managed Expectations • Engaged Stakeholders • Confidence• Transparency On the Same Page Trust Building Tell The Story Propels Engagement
  20. 20. 20 UNDEFINED SUCCESS
  21. 21. HOW TO KNOW YOU GOT TO WHERE YOU WERE GOING  British Home Office, 2012  Equip 41,000 British Police Officers with Blackberry Devices  Projected Savings = 125 Million GBP UNDEFINED SUCCESS UNDEFINED SUCCESS
  22. 22. UNDEFINED SUCCESS HOW TO KNOW YOU GOT TO WHERE YOU WERE GOING METRICS • What is important? BASELINE • Where are we today? TARGETS • Where do we want to be?
  23. 23. WRAPPING IT UP QUESTIONS ? THOUGHTS ! COMMENTS … ASSURED FAILURES
  24. 24. Thank You! @Afidence www.afidence.com Projects@Afidence.com

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