Good project management will enable businesses to reap the benefits of consistent, high-quality delivery of innovative IT projects. If project management is done right, it means that IT projects will succeed. Without it, failure is inevitable, and with failure comes a loss of time, money and effort, he states.
Can IT alone manage its projects? No. IT organizations that have their own PMOs attribute only 1% to 1.5% of the entire IT organization's budget to the PMO. They're not going to be able to manage every little project on IT's bailiwick, Feldman says. IT is equipped to handle a large number of smaller projects that don't require a PMO, but for larger projects where failure could mean significant harm to the organization, a PMO can ensure the project is a success. Unfortunately, only 53% of IT projects are always or usually delivered on time, based on responses to the survey. There's plenty of room for improvement.
"I think that by and large IT organizations need to understand that most of their infrastructure is going to be in the cloud in one way, shape or form in the future," says Feldman. "There's going to be very little in the way of internal infrastructure, and they had better bone up on their project skills if they want to keep working there because the projects are where the innovation comes from."
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