How to Develop Talent for Large IT Projects

By Dennis McCafferty  |  Posted 09-09-2014 Email

Large IT projects deliver 56 percent less value than their organizations project, according to a new survey report from McKinsey & Company. And the vast majority of large IT projects go over budget, findings show. Beyond funding and available tech tools, however, the success or failure of these projects is highly dependent upon the capabilities and commitment of the tech teams behind them. In addition to the survey data, the report, titled "Developing Talent for Large IT Projects," presents the following best practices for recruiting and developing the IT project talent you need. The practices involve compensation, of course. But they also call attention to a tech department's overall culture, specifically whether innovation and risk is encouraged. Report authors Francine Debane, Katya Defossez and Mark McMillan also recommend that CIOs not overlook business smarts when recruiting project staff. "Enterprises must recognize the value and scarcity of employees who combine IT savvy with business acumen and must build and support a staff of such people," according to the report. Nearly 500 executives participated in the McKinsey & Company research. For more about the report, click here.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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