What makes for a successful IT project? If you think things will go smoother with a shorter and smaller project, think again. Liz Herbert of the Forrester blog reports some findings from the Said Business School about what makes projects successful. They found the biggest factor in finishing the project on time and within budget is benefits management. When the focus was on measuring benefits, both cost and schedule risk were significantly reduced. If project managers instead focused on one goal and not the big picture, it negatively affected the project all around.
To keep things on track, monitor your benefits with benchmarking. It’s important that you keep up to date on your metrics throughout the whole project. Also, this will help you identify problem areas early, so you’ll be able to stop them before they progress.