A study suggests that over half of all large IT projects massively shoot up their budgets. On average, large IT projects up to 70% run over budget and over 65% over time. Software projects run the highest risk of cost and schedule overruns, which, is impacting the bottom-line and reputation.
Manage your risk by early warning systems:
Regular health check(Agile, Waterfall, Iterative)
RACI-Metrices: Well defined roles and responsibilities
RIAD-Metrices: defined for operations
Demand Planning-Starting from project level requirements
Production Readiness Review, Test Readiness Review (PRR & TRR)
Project and Programme Governance!
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