Transforming Banks for a Digital Future: The Winners, The Losers, and the Strategies to Beat the Odds
The one vertical industry where on-time/on-budget project management is somewhat more likely to occur is the computer services industry. Systems integrators, software developers and value-added resellers (VARs) are the groups more likely than those in any other industry sector to have successfully navigated internal IT project management. However, no industry has a stellar record for being both on time and on budget.
Fifteen percent of CIOs in the computer services sector said they'd successfully managed their company's most important IT project in the past yearmeaning on time and on budgetcompared with 10 percent of all respondents. Other industries where CIOs said they'd done better than the average respondent include government, at 14 percent, and wholesale/retail at 11 percent.
Goverment industry CIOs' better-than-average success rate can likely be attributed to several factors, including the fact that government has been doing complex systems integration and IT initiatives longer than any other industry. Furthermore, government IT contractstypically given to third-party systems integrators and consultantstend to spell out more clearly the conditions of their projects, such as time frames and cost overruns. While this hardly ensures a successful project-management scenario, it at least makes clear the parameters for defining achievement.
Conversely, sectors where CIOs said their companies had significantly underperformed on successful project management included banking and finance, with a meager sub-1 percent success rate; transportation, at 4 percent; hospitality and healthcare, each with a 5 percent success rate, and education, at 6 percent.
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