Boris Petukhov 19 April 2018
According to some industry sources, the average large IT project runs 45% over budget, 7% over time, and delivers 56% less value than expected; one in six IT projects has an average cost overrun of 200% and a schedule overrun of 70%.
In the last 15 years, I have delivered numerous E2E implementations on-time and on-budget to full scope. These Initiatives were completed in Waterfall and Agile fashion, translating into a 100% success rate to both timing and resources.
Boris Petukhov 10 April 2018
Project delivery is a risky business.
Flyvbjerg and Budzier say that one in six IT projects has an average cost overrun of 200% and a schedule overrun of 70%. To somewhat improve our chance of successful delivery, we attempt to manage project risks effectively.
Management professionals apply their skills and knowledge to actively manage risks, related to the initiatives their teams need to deliver. This is supported by the so-called Risk Register (aka Risk Log), which contains qualitative and quantitative information about those risks in many organisations.
This case study looks at the common ways to present risk-related information and how the tools of choice help the staff, responsible for risk management, benefit from the currently available techniques. In particular, we look at how Bayesian Networks (BN) are used to manage IT project delivery risks adequately.
Argo Free Consultation Request
Q. We’d like to proceed. What do we need to do next?
A. A consultation request should be sent with the following details:
- Company Name
- Your Name
- Your Email
- Company Address
- Additional details including:
- Managerial Contact (e. g. full name, phone, email, job title);
- What outcome would you expect out of this consultation;