Later this week my latest article for Document Strategy magazine will be published with same title as this post.
We have all heard some of these IT project failure statistics.
- One in six IT projects have an average cost overrun of 200% and a schedule overrun of 70%. Source: Why Your IT Project May Be Riskier Than You Think, Bent Flyvbjerg; Alexander Budzier, Harvard Business Review, September 2011.
- 33% of projects fail because of a lack of involvement from senior management. Source: University of Ottawa.
- The United States economy loses $50-$150 billion per year due to failed IT projects. Source: The Cost of Bad Project Management by Benoit Hardy-Vallee, Gallup Business Journal, February 7, 2012
When we think of rolling out Information Management solutions, what is the single biggest risk factor for success of the project? The adoption of the new solution by the people! Why is this? Because, in most cases we are asking people to change their behavior. We are asking them to use a new application or change the way they create, save, and find information because of this new solution/application. We are also asking them to change their relationship with information. For some, this is a big change. They are being asked to “share” the information in the new application repository when they are so used to just saving everything to their hard drive.
What do we do to help ensure success?
My article will address this challenge and offer actionable steps to address this challenge. Stay tuned!