The $12,000 Porsche: A Critical Lesson in IT Project Cost Control

I love Porsches. They always captured my attention as a child, and I told myself I’d own one someday. The sound, the quirky design, everything about them is perfect. One of my favorites is the 944, in production until 1991. It was a departure from Porsche’s typical design, so it isn’t terribly desirable to hardcore Porsche collectors. Some are listed for as low as $1,500—an attainable price point for me!

Recently, I went to check out a 944 for sale and priced on the low end. I found little things here and there that would require repair. After some research, I learned these small items would cost a significant amount of time, money and effort to fix, even if I did my own work.

The story was the same with other cars I saw in the same price range. One needed a timing belt replacement ($1,900 at a shop). Another needed a cooling system overhaul (between $1,100 and $1,600). Even discounting labor, the parts alone would completely blow my budget.

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How to Cancel a Failing IT Project

How to Cancel a Failing IT Project

“This implementation is going nowhere fast and I am canceling it,” said the CIO.

I was in shock. In an IT career spanning decades I had never witnessed an executive make a decision as bold as this. But, truth be told, this particular implementation had already gone on for twice the allotted time and delivered nothing notable—beyond a very long list of open issues.

Still, I jumped in to defend the struggling project. I said we would be foolish to waste all the efforts made to date. I said the business case had a clear ROI. I said reputations, and possibly jobs, were on the line if the initiative was terminated.

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Diagnosing a Dead-End IT Project- When to Fail Fast and Move On1

Diagnosing a Dead-End IT Project: When to Fail Fast and Move On

An IT department’s most critical point of failure lies in its inability to cancel a dead-end project. Canceling a project can be a great move, but it is uncommon. (When was the last time you canceled an IT project?) All too often, IT departments waste significant time and money on a fruitless effort.

Let’s explore the major reasons why an IT project reaches an impasse. Knowing the reasons will help find an effective, yet low-risk path to fail fast and move forward.

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VIDEO Getting Your Money's Worth from JDE Software

Getting Your Money’s Worth From JD Edwards Software

Implementations start with the best of intentions and the highest of hopes, but most organizations we work with fall short on outcomes from their system investments. JD Edwards is no exception.

This is completely normal: IT projects have enough trouble staying on time, on budget, and on scope. So what do you do now?

Watch this video for my advice:

(If you enjoyed this clip, please consider subscribing to our YouTube channel.)

Tweet: Dissatisfied with #JDEdwards?
Here’s your path forward. @mpapov https://ctt.ec/X3WSt+

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Podcast

PODCAST: IT Outcomes & Internal Customer Satisfaction

I was pleased to be interrogated – er, interviewed – by the talented Cassie Crossley on her new podcast, Tech Leaders Today.

Please take a listen to uncover:

  • our recruiting and staffing approach
  • IT’s biggest problem today
  • stories of how we solved 2 different clients’ problems

Excerpts from our conversation are transcribed below.

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How to Craft an Effective E-Commerce Strategy

U.S. e-commerce is expected to reach about $434.2 billion in 2017, and continue to grow at a rate of 14% over the next 4 years. The key to being a part of this growth is having an effective e-commerce strategy in place.

To be effective, an e-commerce strategy should be part of an organization’s overall strategy. This seems obvious enough, but rarely is it the case. Organizational dynamics often get in the way.

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