[Marxism] Fwd: McKinsey Report Highlights Failure of Large Projects: why it is better to be small, particularly in IT - Mark McDonald

Louis Proyect lnp3 at panix.com
Wed Jul 15 14:55:12 MDT 2015


McKinsey Report Highlights Failure of Large Projects: why it is better 
to be small, particularly in IT
by Mark P. McDonald  |  October 29, 2012  |  37 Comments

A recent set of studies published by McKinsey Quarterly provides further 
evidence that the bigger they are the harder they fall.  Given that the 
McKinsey Quarterly’s audience is predominantly business executives 
rather than IT professionals, it’s important that CIOs are aware of the 
findings and have a reasonable response.

Large projects not only fail more often they deliver less.  According to 
the McKinsey/Oxford study half of IT projects with budgets of over $15 
million dollars run 45% over budget, are 7% behind schedule and deliver 
56% less functionality than predicted.  That means that:

At least half the time — achieving at least $15 million in benefits, 
requires spending $59 million

full: 
http://blogs.gartner.com/mark_mcdonald/2012/10/29/mckinsey-report-highlights-failure-of-large-projects-why-it-is-better-to-be-small-particularly-in-it/



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