Risk Management

8 Challenges Affecting Software Project Management

With globalization on the rise, it is more important than ever to understand the challenges facing the software industry. In an article for CIO.com, Moira Alexander elaborates on the most pressing issues facing this powerful area of the business world. There are eight adversities the software industry must overcome:

  1. Globalization creating competition
  2. Legacy and infrastructure issues
  3. Software expertise
  4. SaaS taking over
  5. Complicated user level requirements
  6. Third-party integration issues
  7. A plethora of iteration testing
  8. Revenue recognition reporting

Hard Times for Software

With globalization, there is a high chance that your seemingly innovative idea has already been thought of at another company. Competition is everywhere, with a driving pressure to execute ideas more quickly. Conversely, businesses who have invested a great deal of time and resources into their old legacy and infrastructure systems are often hesitant to replace them. Older systems are slowly being taken over by SaaS because it offers results that are more flexible for the business while being cost-effective. In any case, it is plausible that older systems no longer truly meet needs and should be replaced.

Granted, implementing new software is an arduous endeavor. It can be a challenge just to locate a project manager with the requisite experience to successfully execute complex projects. And on the other side of that comes user experience. Users come in all shapes and sizes, with varying levels of pertinence to the software. Successful project managers account for these varying levels and complexities in users. Another source of great complexity revolves around third-party integration:

For example, if a project manager is implementing a financial management system, including G/L, A/P and A/R and financial reporting modules, these may interface with applications from external payment vendors, financial institutions, contract management, CRM or other vendor software. In this case, the project manager may be required to work with third-party vendors and have sufficient knowledge of these other systems to ensure data is accessed and passed correctly between these systems.

Throughout the duration of most projects there are iteration tests to ensure that the business is meeting or exceeding their desired outcome. Testing is a crucial phase in development because it helps to ensure the highest level of customer satisfaction.

Lastly, there are specific revenue recognition reporting requirements for the software industry that need to be taken into consideration. Project managers need to wrap their hands around some accounting.

The software industry is a complicated one that demands expertise from project managers in all areas pertaining to software. You can read the original article here: http://www.cio.com/article/3065984/project-management/8-challenges-affecting-software-project-management.html

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