Think about it...
With everything we're inundated with on a daily basis, it's easy to lose track of what is important.
How important is it to keep the lights on at your company? It’s extremely important. If your core infrastructure doesn’t work, it’s obvious that productivity will plummet and business operations would come to a screeching halt.
How important is it to introduce new IT initiatives to improve business processes and encourage growth in your company? Investing in strategic initiatives for your business in a way that maximizes your competitive advantage is top priority. The things that differentiate you from the pack are what keeps your company open for business.
How important is it for both to occur? It is essential. However, if you’re attempting to excel at both, you will fail.
To help you succeed, take a look at our Strategic IT Checklist to see what you're focused on.
Here Are the Facts...
A study done by McKinsey and Oxford University found that “the longer a project is scheduled to last, the more likely it is that it will run over time and budget, with every additional year spent on the project increasing cost overruns by 15 percent."
It is not cost effective to extend a project over a longer period of time because you don't have the capex or other resources to complete it in a short amount of time.
Can you afford to go over budget?
McKinsey and Oxford University also found that "Missing Focus", a lack of clear objectives and business focus, is the number one reason why IT projects fail.
What are you focused on? Is it your core infrastructure? Or, is it the strategic applications that give your business a competitive advantage?