Software failures occur frequently and cost billions of dollars annually. They are often caused by a combination of factors including unrealistic project goals, poor requirements definition, lack of management support, and immature technologies. Additionally, large projects are more likely to fail due to their greater scale and complexity. Adopting best practices like the Capability Maturity Model can help organizations reduce failures by improving their development processes.
In the US, people are already implementing the use of converstaionl AI, ChatGPT in everydy mundane tasks. Implementation is not only limited to that. Various industries are also using this revolutionary technology for maintaining a superior customer experience. People are also criticizing ChatGPT for creating employment threats and also being unethical in it's answers. The technology is being widely applauded but everything has certain pain points associated with it.
In the US, people are already implementing the use of converstaionl AI, ChatGPT in everydy mundane tasks. Implementation is not only limited to that. Various industries are also using this revolutionary technology for maintaining a superior customer experience. People are also criticizing ChatGPT for creating employment threats and also being unethical in it's answers. The technology is being widely applauded but everything has certain pain points associated with it.
Everything you need to know about an investment and fundraising for start-ups. The presentation covers all different sources of financing for high growth companies:
- Bootstrapping and the four Fs
- Angel investors
- Startup accelerators
- Venture capital funds
- Investment documentation
- Alternative funding sources (crowdfunding, etc.)
- Grants and incentives
In the presentation you will also find some basics how to prepare your investment documentation and how to pitch to venture capital investors.
My presentation today about ChatGPT, Open AI, conversational AI, and the Future Of Work. Includes survey data from the audience. Presented at our Constellation Research Execution Network monthy Office Hours of CIOs, CDOs, and other CXOs.
Slides Rishi Kumar recently used in his discussion w/ mentees of The Product Mentor.
The Product Mentor is a program designed to pair Product Mentors and Mentees from around the World, across all industries, from start-up to enterprise, guided by the fundamental goals…Better Decisions. Better Products. Better Product People.
Throughout the program, each mentor leads a conversation in an area of their expertise that is live streamed and available to both mentee and the broader product community.
http://TheProductMentor.com
What is ChatGPT and how can we use it? This is a talk given at Affiliate Summit West -- January 2023 to explain what ChatGPT is and isn't and how we can use it in Search.
All images were created using Dall-e.
Consistent formatting is important in models. It helps communicate what particular cells are for, and helps to communicate useful information about the structure of the model.
In order to facilitate easy, consistent formatting, we have a set of FAST format macros.
Solve for X with AI: a VC view of the Machine Learning & AI landscapeEd Fernandez
What you'll get from this deck
1. The M&A race for AI: by the numbers
2. Watch out! hype ahead: definitions & disclaimers
3. Machine Learning drivers: why is Machine Learning a ‘thing’ now (vs before)
4. Venture Capital: forming an industry, the AI/ML landscape
5. The One Hundred (+13) AI startups to watch in the Enterprise
6. The great Enterprise pivot: applying Machine Learning at scale
7. - where to go next -
AI and Machine Learning Demystified by Carol Smith at Midwest UX 2017Carol Smith
What is machine learning? Is UX relevant in the age of artificial intelligence (AI)? How can I take advantage of cognitive computing? Get answers to these questions and learn about the implications for your work in this session. Carol will help you understand at a basic level how these systems are built and what is required to get insights from them. Carol will present examples of how machine learning is already being used and explore the ethical challenges inherent in creating AI. You will walk away with an awareness of the weaknesses of AI and the knowledge of how these systems work.
Everything you need to know about an investment and fundraising for start-ups. The presentation covers all different sources of financing for high growth companies:
- Bootstrapping and the four Fs
- Angel investors
- Startup accelerators
- Venture capital funds
- Investment documentation
- Alternative funding sources (crowdfunding, etc.)
- Grants and incentives
In the presentation you will also find some basics how to prepare your investment documentation and how to pitch to venture capital investors.
My presentation today about ChatGPT, Open AI, conversational AI, and the Future Of Work. Includes survey data from the audience. Presented at our Constellation Research Execution Network monthy Office Hours of CIOs, CDOs, and other CXOs.
Slides Rishi Kumar recently used in his discussion w/ mentees of The Product Mentor.
The Product Mentor is a program designed to pair Product Mentors and Mentees from around the World, across all industries, from start-up to enterprise, guided by the fundamental goals…Better Decisions. Better Products. Better Product People.
Throughout the program, each mentor leads a conversation in an area of their expertise that is live streamed and available to both mentee and the broader product community.
http://TheProductMentor.com
What is ChatGPT and how can we use it? This is a talk given at Affiliate Summit West -- January 2023 to explain what ChatGPT is and isn't and how we can use it in Search.
All images were created using Dall-e.
Consistent formatting is important in models. It helps communicate what particular cells are for, and helps to communicate useful information about the structure of the model.
In order to facilitate easy, consistent formatting, we have a set of FAST format macros.
Solve for X with AI: a VC view of the Machine Learning & AI landscapeEd Fernandez
What you'll get from this deck
1. The M&A race for AI: by the numbers
2. Watch out! hype ahead: definitions & disclaimers
3. Machine Learning drivers: why is Machine Learning a ‘thing’ now (vs before)
4. Venture Capital: forming an industry, the AI/ML landscape
5. The One Hundred (+13) AI startups to watch in the Enterprise
6. The great Enterprise pivot: applying Machine Learning at scale
7. - where to go next -
AI and Machine Learning Demystified by Carol Smith at Midwest UX 2017Carol Smith
What is machine learning? Is UX relevant in the age of artificial intelligence (AI)? How can I take advantage of cognitive computing? Get answers to these questions and learn about the implications for your work in this session. Carol will help you understand at a basic level how these systems are built and what is required to get insights from them. Carol will present examples of how machine learning is already being used and explore the ethical challenges inherent in creating AI. You will walk away with an awareness of the weaknesses of AI and the knowledge of how these systems work.
This lecture talks about parsing. Briefly gives overview on lexicon, categorization, grammar rules, syntactic tree, word senses and various challenges of natural language processing
Casestudy: The Case of bench managementrockingsindi
For students and specially of Management, it is very difficult to solve casestudy and that too from different angles. Here is one of the casestudy from the Book "Human Resources Management: Text and Cases
By Rao". There are many points included wich are sayings of Experts too.
The 2022 CIO Survey Summary Report provides insight into the priorities, challenges, and opportunities facing IT leaders in the consumer products, retail, and life sciences industries this year. Businesses across the world continue to face talent and labor shortages as a result of the COVID-19 pandemic, and companies within the tech industry are no different. These shortages, combined with changes to the “normal” workplace environment, have resulted in many companies rethinking and assessing their current and future challenges, opportunities, and priorities within their IT departments. In late 2021, Clarkston Consulting conducted a CIO Market Study, aiming to better understand the current priorities and challenges of upper or C-Suite level IT professionals (CIO/CISO/CTO/VP) at large companies ($350M+ revenue) in the retail, CPG, manufacturing, or life science industries. The four key objectives for the 2022 CIO Survey were to:
Understand the overall relationship between IT and other departments within the company.
Understand current IT budget distribution, technologies/platforms used, and sources for technology-specific learning and development.
Identify attributes that are important in selecting outsourcing or managed services partners, a professional services provider, or a technology platform/vendor.
Determine priorities for the coming year and understand how COVID-19 has changed priorities in recent years.
Market Study Results
Through this CIO Market Study, Clarkston was able to gain valuable insight on the current status and perceptions of IT departments, including budget, ERP usage, investments, outsourced activities, and department health; department expectations, priorities, and plans for the upcoming year; and important attributes in outsourcing and managed services, among other key findings.
The results of this survey provide a detailed view of many of the challenges that IT departments across the consumer products, retail, and life sciences industries continue to face, particularly as they navigate the ongoing effects of the COVID-19 pandemic in the workplace.
Project, Program & Portofolio Management Contribution, an Article from the PM...rahmatmoelyana
In this article I present the investment landscape in some industries, the statistif of failures, the governance & management objectives: value maximization, risk & resource optimisation, the seven enabler of success, lets do the right things and do things right
A survey of IT experts revealed 43 percent of their organisations had recently killed an IT project. The study, conducted by ISACA, an independent IT governance group, highlighted the top 5 reasons these organisations named for terminating projects prior to completion.
Information systems (IS) outsourcing has grown as a major business phenomenon, and widely
accepted as a business tool. Software outsourcing companies provide expertise, knowledge and
capabilities to their clients by taking up the projects both onsite and offsite. These companies
face numerous challenges including attrition of project members. Attrition is a major challenge
experienced by the outsourcing companies as it has severe impact on business, revenues and
profitability. In this paper, attrition data of a major software outsourcing company was
analysed and an attempt to find the reason for attrition is also made. The data analysis was
based on the data collected by an outsourcing company over a period of two years for a major
client. The results show that the client initiated attrition can have an impact on project and the
members quit the outsourcing company due to client initiated ramp down without revealing the
reason.
Analysing Attrition in Outsourced Software Projectcsandit
Information systems (IS) outsourcing has grown as a major business phenomenon, and widely
accepted as a business tool. Software outsourcing companies provide expertise, knowledge and
capabilities to their clients by taking up the projects both onsite and offsite. These companies
face numerous challenges including attrition of project members. Attrition is a major challenge
experienced by the outsourcing companies as it has severe impact on business, revenues and
profitability. In this paper, attrition data of a major software outsourcing company was
analysed and an attempt to find the reason for attrition is also made. The data analysis was
based on the data collected by an outsourcing company over a period of two years for a major
client. The results show that the client initiated attrition can have an impact on project and the
members quit the outsourcing company due to client initiated ramp down without revealing the
reason.
The four horsemen of IT project doom -- kappelmanLeon Kappelman
Based on a in-depth study, this short paper explains how to spot and what to do about the early warning signs of IT project failure and the four horseman of IT project doom. IT project failure is not a technology problem, it's a management problem rooted in people and process weaknesses. Anyone with eyes can see these early warning signs.
IOSR Journal of Business and Management (IOSR-JBM) is an open access international journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Challenges of IT Outsourcing for CEOs of Small.pdfMindfire LLC
The pandemic has altered every facet of the business, and many companies outsource to adapt to the new normal. Many businesses now want to boost their operations and profits using contemporary technology.
Outsourcing has emerged as the new business paradigm, and major companies are scrambling to take advantage of its cost-saving and growth-promoting potential. It takes time and energy to settle into the adaptation phase when a business begins outsourcing for the first time.
Budget overruns in software projects often stem from several core factors. These include scope creep, arising from expanding project requirements; inadequate initial planning, resulting in unforeseen costs; unrealistic timelines that strain resources; change management challenges and the impact of frequent alterations; underestimation of project complexity; resource misallocation; inadequate risk management; and communication gaps among stakeholders.
Chaos report 2012: here you´ll find the full version of the worldwide report ellaborated by The Standish Group about success and failure of IT projects.
A strong communication capability between the business and IT ensures the alignment of business requirements with delivered IT functionality and value. Use this storyboard to understand common barriers to effective requirements management, tactical solutions to overcome these barriers, and how to achieve a high level of project success.
This storyboard will help you:
•Understand the common barriers to effective requirements management
•Learn how organizations have solved these challenges
•Implement your own tactical solutions to enable effective communication of business requirements for IT projects in your organization
•Achieve a high level of project success
Whether an organization develops its own applications or implements packaged solutions, the success of the project depends on the clear communication of business requirements in terms IT can understand and deliver.
Don’t leave your technology implementations to chance.
At least 50% of technology implementations fail - the same odds as a coin flip - costing IT businesses more than $100 billion per year. The effectiveness of your IT budgets deserves better than a coin flip. Contact ADEPTCentral today to find out how to increase your chances of success.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
2. Software failures take place all over the world.
It happens to large companies and small ones.
It happens to commercial, non-profit or even
to government organizations.
Business and social impacts are wasted
taxpayers and shareholders money as well
investments.
The cost compensated for software failure is
now billion dollars per year.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
2
3. 1 trillion dollars will be invested this year of
which 5% to 15% will be abandoned before or
right after the delivery of the software
Software failures are avoidable and
predictable.
Most organizations do not urge to avoid
failures.
The risk is even harming or destroying the
whole organization.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
3
4. Average companies spend 4% to 5% of their
investment on IT while financial and
telecommunication companies invest about
15% on IT.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
4
5. It jeopardizes entire prospects of an
organization.
IT failure in government can imperil national
security.
Failure can also stunt economic growth and
quality of life.
Cost of litigation faced by organizations due to
the unsatisfied customers.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
5
6. Unrealistic project goals.
Inaccurate estimates of required resources.
Poorly defined system requirements.
Poor project status reporting.
Unmanaged risks.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
6
7. Poor communications among developers,
users and customers.
Use of immature technology.
Inability to handle project complexities.
Poor project management.
Stakeholder politics.
Commercial pressure.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
7
8. IT projects fail because of one or two reasons-
this is rare case.
It is in faction combination of technical,
project management and business decisions.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
8
9. If a single mistake is seen in some place during
the project run, it is required to solve that bug
immediately.
Else the cost of unwrapping the works up to
the glitch and solving the glitch will cost huge.
changing documents and other calculations
are required then.
But it has been proved that developers spend
40% to 50% on the rework.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
9
10. Moreover, attempting a fix of an error may
raise other errors.
In simple terms, IT projects fail when the
rework exceeds the value added works (actual
job) are budgeted for.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
10
11. A developer never wants that software will
fail.
So, when it fails we need to take a look at the
business environment, project management
and organizational culture as well.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
11
12. Most organizations as they are in tough
competition, then intend to see software
projects not as investments but as costs that
must be controlled.
Political exigencies can impact on the software
project cost and quality as well.
Lack of upper management support can also
damn IT undertakings.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
12
13. Often project managers lie about their project
progress, how much they will cost and what
functionalities they will provide, etc.
Once IT projects fail then we should take a
look at the hardware and software used to
build up the IT project and what practices
were made during development.
Using unrealistic and untested technology will
doom the project.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
13
14. Size of project is another key factor.
It is proved that large projects fail 4-5 times
greater than small projects.
The larger the project the more static
elements (software, hardware, etc) and
dynamic elements (integration, testing, etc).
Rushdi Shams, Dept of CSE, KUET, Bangladesh
14
16. Sloppy development practice also causes
software failures.
To help organizations to assess their software
and hardware Capability Maturity Model
(CMM) is proposed.
It rates company’s practises against 5 levels of
maturity.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
16
17. CMM level 1: Using ad hoc and chaotic
development process
CMM level 3: Characterized its practises and
now it understands them
CMM level 5: Quantitatively understands the
variations in the process and practises and it
applies them as well
Rushdi Shams, Dept of CSE, KUET, Bangladesh
17
18. Bad decisions by project managers are
probably the single greatest cause of failures.
Poor technical management can lead to
technical errors but it can be isolated and
solved.
In contrast, poor project management is a
havoc.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
18
19. An organization that values openness,
honesty, communication and collaboration is
more likely able to solve mistakes.
The reasons that software projects fail are well
known and have been documented in many
documents over the years.
By observing the current project environment
and these documents one can forecast the
perfection of the project.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
19
20. Why Software Fails by Robert N. Charette:
This is an extraordinary article on software
failures. You must have to go meticulously
through the article. Don’t follow the numbers
and years in the examples given in the article.
You have to know the reasons and place
yourself to explain and think about software
failures.
Rushdi Shams, Dept of CSE, KUET, Bangladesh
20