“Titanic Lessons for IT Projects” - FVP PMP Luncheons - Noblis

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Why do projects fail? Recap of Standish group Project Success Factors 1. User Involvement 2. Executive Management Support 3. Clear Statement of Requirements 4. Proper Planning 5. Realistic Expectations 6. Smaller Project Milestones 7. Competent Staff 8. Ownership 9. Clear Vision & Objectives 10. Hard-Working, Focused Staff 11. Other Project Impaired Factors 1. Incomplete Requirements 2. Lack of User Involvement 3. Lack of Resources 4. Unrealistic Expectations 5. Lack of Executive Support 6. Changing Requirements & Specifications 7. Lack of Planning 8. Didn't Need It Any Longer 9. Lack of IT Management 10. Technology lliteracy 11. Other •Why we have the 9 knowledge areas from PMBOK Titanic Lessons for IT Projects Strictly Proprietary & Confidential Copyright 2007 Page 42
Mitigate risk from the project outset through the application of best practices at each stage of the IT project • 100s of best practices listed by project stage: 1. Project life cycle, deliverables and iteration 2. Business case for an online operation 3. Mission critical application dependencies 4. Architectural models and frameworks 5. Enterprise application integration and interdependency of data 6. Organizational and process elements 7. Change and problem management 8. Use of metrics, service levels objectives and agreements 9. Use of automation and Early Warning Systems 10. Disaster recovery & business continuity plans B EST PRACTICES Project Managers Business Executives Implementation of one best practice can save thousands of dollars Titanic Lessons for IT Projects Strictly Proprietary & Confidential Copyright 2007 Page 43
Page 1 and 2: “Lessons From the Past that Assis
Page 3 and 4: As you probably know the success ra
Page 5 and 6: Notable project failures during pro
Page 7 and 8: As complexity has risen so has the
Page 9 and 10: Bad IT service performance, IT proj
Page 11 and 12: In 1909 White Star was facing stiff
Page 13 and 14: In comparison for an IT project tod
Page 15 and 16: You can compute your exposure to lo
Page 17 and 18: White Star invested in a ship-build
Page 19 and 20: In the architecture stage the proje
Page 21 and 22: Decisions were made that compromise
Page 23 and 24: In the construction stage the proje
Page 25 and 26: In the planning stage the project t
Page 27 and 28: Titanic’s captain and officers we
Page 29 and 30: In the testing stage the project te
Page 31 and 32: During the operating stage Bruce Is
Page 33 and 34: The ship grounded itself on the ice
Page 35 and 36: Two assessment groups surveyed the
Page 37 and 38: And take a comprehensive approach t
Page 39 and 40: In the operating stage the project
Page 41: Lessons learned - what can you take
Page 45 and 46: Credits and Sources • 1998 MERIT

“Titanic Lessons for IT Projects” - FVP PMP Luncheons - Noblis

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