The final cost of poor business conditions

Excerpt from a new report by IAG Consulting, the knowledge that the practice of companies with the requirements of the poor are crying out for the costs exceed the regular budget and failure. His "Business Analysis Reference" report includes 100 companies with business technology projects 110 to examine the importance of the requirements for the project.

All projects that had been mentioned in the study, a value of at least $ 250,000, although the average value of $ 3,000,000. Everyone focuses on adding additional functionality. The study analyzed the policies of the requirements of operations is calculated for each project and the financial results of these measures. It could then decide what actions often lead to project success.

The study found that 68 of the 100 companies had less practical needs. The result was a greater likelihood of complete failure or marginal success in its technology business. The projects often took longer than expected (80%), which provides the product with 30% less functionality than desired, with an overrun of more than 160%. Net profit amounted to three failures of projects in the project's success.

The remaining 32 companies were more projects completed on time and has been successful in their home. This was their business needs attributable class processes, advanced technology and expertise of project staff.

A frequent question is, among businessmen, as they improve their procedures. The host has a lot of suggestions that the employer has no idea of how to choose and carefully examine three aspects of the current documentation or bad projects, the reconstruction of their needs. More tips for belonging in the study:

Focusing on the needs of a more than childbirth. "Companies that are in the process and the results meet the requirements focus much more successful than those that only the quality of documentation." Focus on the advances and techniques used to create documents is essential for economic advantage and success.

"The level of knowledge required is greater than that used in the projects 70% of respondents." Thus, the solution to a better understanding of IT is to receive. This feature allows your company to the right people to include the problems of law, improving the efficiency and level of skills of their employees and the ability to solve problems, this increase in productivity and harmony in the workplace.

You must commit to change. While companies know the importance of requirements, many are unwilling or do not know how to change your routine. "CIOs should be aware that the improvements used in all areas of people, processes and tools to support organizational improvement processes.

If you are doing something, you have to do it yourself. The art of the modernization of business infrastructure includes systemic changes throughout the organization. This adds to the demands of business should be run even drag the optimum size, errors and mistakes. The report suggests that companies spend on average more than $ 3,630,000 in a project that should cost $ 3,000,000. That's better than the average company that meets your budget is less than 20 percent in most projects. The firm IAG Consulting reports to better meet business needs 80% success and that the projects on time and within budget.