why projects fail_presentation
TRANSCRIPT
© Totally Optimized Projects 2016
CIO Executive Council webinar Why projects fail
Jed Simms & Alex Chapman, Founders and creators of TOP®
© Totally Optimized Projects 2016
Why projects fail
And what you must do to be successful!
Jed Simms & Alex Chapman
© Totally Optimized Projects 2016
© Totally Optimized Projects 2016
Why projects fail
Everyone has an opinion
But who has done the research?
© Totally Optimized Projects 2016
‘Failure’ is not ‘success’
• Success is defined in business terms
“Success is the full delivery of the desired business outcomes, benefits and value in the business after the end of the project when everything is working just right.” • Any compromise, gap or deficiency in delivering this measure of
success equals failure.
© Totally Optimized Projects 2016
1 The true measures of success are not defined and therefore, not targeted or delivered
The TOP® Value Equation™
© Totally Optimized Projects 2016
2 Path dependency is neither understood nor managed
Path Dependence
“explains how the set of decisions and options possible at any point and for any given circumstance is limited by the decisions one has made in the past, even though past circumstances may no longer be relevant.”
Every decision you make, determines what you can and cannot do both now and in the future
© Totally Optimized Projects 2016
3 The organization does not have the ‘capability’to successfully deliver the project
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4 Ineffective business leadership (inc ineffective project governance)
Project or Program
Project manager
Strategy Business results
Sponsor/ Executive
Business outcomes
Benefits & value
Project Governance
© Totally Optimized Projects 2016
5 Execution gaps and deficiencies
StartThe starting point from which you are changing
Current state
ClarificationTo clarify and confirm where you are and what you don’t know
Clarify
ActivitiesTo prepare the changes and then implement them to realize the outcomes
Prepare
Implement
OutcomesClear, specific and measurable definitions of what you want to achieve – your measures of success
Future state
ActivitiesTo ensure the end state is sustained and is able to be developed further
Sustain
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6 Insufficient focus on benefits and value
Project Delivery Benefits delivery Outcomes, benefits and value delivery
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Bottom line: To succeed you need to equip the business to perform its roles
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“It really is that simple”
© Totally Optimized Projects 2016
Strategy execution • Value Delivery • Made Simple
www.TotallyOptimizedProjects.com