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Can Technology Solve Project Execution Problems?. Presented by: Curt Finch, CEO Journyx, Inc. Curt Finch, CEO, Journyx Email: curt@journyx.com Twitter: @curtfinch Connect with me on Facebook or LinkedIn. The Project Execution Problem. The Standish Group CHAOS Report 2009:
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Can Technology Solve Project Execution Problems? Presented by: Curt Finch, CEO Journyx, Inc.
Curt Finch, CEO, Journyx Email: curt@journyx.com Twitter: @curtfinch Connect with me on Facebook or LinkedIn
The Project Execution Problem The Standish Group CHAOS Report 2009: - 68% of technology projects failed Project management technology is only as good as the processes that support it
Chaos Report History *We found 12% in 2003
Activity: Movie Analogies Think of 1-2 movie titles that best describe a project you've worked on. Example: “The Perfect Storm”
Why Projects Fail? Unrealistic or unarticulated project goals Inaccurate estimates of needed resources Badly defined system requirements Poor reporting of the project's status Unmanaged risks Poor communication among customers, developers, and users Use of immature technology Inability to handle the project's complexity Sloppy development practices Poor project management Stakeholder politics Commercial pressures http://en.wikipedia.org/wiki/Software_project_management#cite_note-1
Study using 4 tools, 3 teams in control, 4 in experiment • Charter • Buy in • Conflict checklist • Conflict management Results: Project satisfaction 4.5 vs. 2.5 Communications effectiveness 4.75 vs 2.5 Moral – Tools can drive behavior http://jitm.ubalt.edu/XVI-1/article2.pdf
Steps for Success 1. Use Time Tracking Data to Determine Project Cost tkg
Steps for Success 2. Manage Resources Effectively - Who is working on what? - Who is behind schedule? - Who is available for the next project? - Who is overbooked? chris
Steps for Success 3. Monitor Project Status - How many actual hours remain? - Update project plans - Improve estimation for future projects
Steps for Success 4. Communicate and Collaborate - Multiple teams, multiple time zones - Language and cultural barriers nuk
Steps for Success 5. Prioritize Quality, Schedule & Cost - Balancing triple constraint - Are you delivering something valuable in the end?
Questions & Answers
Thank You! Journyx helps customers intelligently invest their time and resources to achieve per-person, per-project profitability. Curt Finch, CEO, Journyx Email: curt@journyx.com Twitter: @curtfinch Connect with me on Facebook or LinkedIn