axiomsolutions

Local Insights

Challenge Knowing vs. Doing

A survey of senior IT executives says...

The cost models to support business decisions and alternatives. We develop a "bottom-up’ estimate including generic cost components. Apply cost/benefit analysis to assess project economic feasibility.

68% don't compare an IT project's benefits to original targets.
74% don't track financial metrics after making an investment decision.
80% say lack of financial skills makes quantifying IT benefits difficult.

Poor Requirement = Poor Performance

In a Requirement Management document PMI conducted a study describes the reasons today’s organizations continue to struggle to bring consistency to their projects and programs. The study found, when projects do not meet their original goals and business objectives, inaccurate requirements management is the primary cause of that outcome almost half of the time (47 percent).

Practice Processes

Revision Processes

Doing Nothing

Poor Requirement

Need for a practical guide

When business analysis is properly accounted for and executed on programs and projects, the benefits are, a high quality requirement are produced, stakeholder engaged with buy-in, deliver on time within scope and on budget, deliver business value and competencies reusable for future projects. Inaccurate requirement gathering was reported 37% cause of project failure.