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Project Management and Business Analysis Take Center Stage

     
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Are late, costly, scope-deficient projects simply an inescapable part of the world of IT? For IT organizations relying solely on "ad hoc" project management practices, the answer might be "probably".

But with ever-increasing pressures to:

  • Increase the efficiency and effectiveness of operations
  • Improve software development project success rates
  • Achieve greater alignment with the business strategy

"Ad hoc" project management practice is no longer an option.

What are successful enterprises doing about it?

  1. Formalizing their Project Management job definitions and providing Project Managers with knowledge, skills, and tools appropriate for today's demands
  2. Establishing (or in some cases revitalizing) initiatives around program management, portfolio management, and project governance - i.e., the Program Management Office (PMO)
  3. Similarly, formalizing their practices around Business Analysis, the key link between business strategy and project success
Mature practices in BA, PMO, PM, and ITSM make more money and resources available for fulfilling business strategy.

Consider the following:

  • Recent project management studies attribute 60-80% of failed or challenged projects to poorly stated requirements. And requirements management is the job of the Business Analyst
  • A Project Manager's activities are driven by the project life cycle. And requirements management is driven by the Business Solution Life Cycle. If the Project Manager is responsible for requirements management but working within the project life cycle to do so, key steps in requirements management will be either poorly performed or perhaps not carried out at all
  • This assertion is supported by the fact that requirements are defined even before the selection of the project (solution) to fulfill those requirements
 
Click here for a full-size image (with explanations below) illustrating the contribution of Business Analysis, Program/Portfolio Management, Project Management, and IT Service Management to the overall strategy-development-operations life cycle.
 

BTO Business Technology Optimization - HP's framework for aligning technology-related activities with business strategy. Click here to learn more.
HP PPM Center HP Software's Project and Portfolio Management Center, a suite of tools to help you standardize, manage, and capture the execution of project and operational activities. Click here to learn more.
HP Quality Center Another HP Software product to help you manage and govern quality processes - and to automate software testing across your IT and application environment. Click here to learn more.


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