CIO Magazine has published several articles on the success of IT projects. In a 2020 article, CIO Magazine cited a study by PMI that found that IT projects had a lower success rate than other types of projects. The study found that only 59% of IT projects were completed on time, within budget, and to the satisfaction of stakeholders, compared to a 69% success rate for non-IT projects.
The article suggests that one reason for the lower success rate of IT projects is their complexity, and the fact that they often involve cutting-edge technologies that may not have been thoroughly tested. The article also notes that poor communication and collaboration among project teams, as well as inadequate project management processes, can contribute to project failure.
To improve the success rate of IT projects, CIO Magazine recommends a number of best practices, including:
- Clearly defining project goals and requirements
- Establishing strong project management processes
- Using agile development methodologies
- Fostering strong communication and collaboration among project team members
- Conducting regular project status reviews
- Providing adequate training and resources for project team members.
CIO Magazine also recommends the use of project management software tools to help manage IT projects. These tools can provide features such as task tracking, collaboration tools, and project reporting to help project teams stay on track and meet their goals. Some popular project management software tools that offer these features include Trello, Asana, and Jira.
