Initial Involvement of Stakeholders in Project Lifecycle

Having the Right Investment Strategy  

While carrying out an IT implementation, organizations face the budgetary concerns when the cost of technology does not match the funds allotted for leveraging the Return on Investment. To tackle this challenge of constantly climbing on the ladder of growth, organizations must have an investment strategy in mind. Managing the change associated with people, processes and perceptions of business community for any new IT initiative and overcoming the challenges which come in the way are the primary objective which must be taken care of during any IT implementation. It is best to involve key business stakeholders in the very early stage of project definition. This creates a cohesive team structure and allows business to better understand the project intricacies. A well-integrated business and IT collaborative approach greatly helps in getting project approvals, budgetary allocations and creating the necessary confidence in business to own and realize the value arising from the technology deployment.

Technology is proving itself as a boon for the betterment of the business processes and deriving maximum value out of the investment but even today human resource remains the highest valued asset for every organization. Empowering the team work with complete responsibility and transparency without the fear of failure always remains the mainframe to any organization. Employing creative and innovative methodologies should be suitably recognized and rewarded. To keep the organization abreast of latest technologies, the organizations must constantly expose the business and IT teams in emerging technologies through seminars, training and event organizations. A regularly organized tech-day and product demonstrations through leading technology providers must be announced in an organization which helps the business organization in maturing its understanding of new emerging technologies and how best they can be used for realizing business benefits.

Look Beyond Skills of a Candidate

People working at different levels in IT need to possess different skills, as technical people must have strong base in programming skills while the managers must have a deep sense of business understanding and project management skills. At higher levels, business understanding expectation and relationship management along with people management are must for the organization to grow. While hiring IT professionals, the board must be very particular about the matching of candidate’s skills to the job requirement and must also deeply analyze the attitude and work ethics which an individual believes-in; this helps to understand the candidates’ potential for the organization.

With the market witnessing the sprouting of new technologies which are promising a persistent growth and overhauling the business processes for the better, the heads of IT need to work towards enhancing the involvement of the stakeholders throughout the project life cycle to boldly outline the objectives and generate high value.