News
News
True Cost of a Project
Last Updated on Wednesday, 22 February 2012 11:34 Written by Jennifer Lynch Wednesday, 22 February 2012 11:22
In this new and up coming research paper we cover the true cost of a project. We compare a model project budget against the true cost, which includes hidden costs. Not accounting for hidden costs skews the value and return on investment of projects. In order to mitigate the budget versus true cost we show how to use our OptiMix solution to increase value and reduce risk. We are also introducing for the first time the Innovation Funnel. The Innovation Funnel is used to encourage more breakthrough projects and improve business performance. It can also help organizations build upon improving project success rates. The paper features:
- Breakdown of Costs
- Hidden Costs
- Latest CHAOS Numbers
- Breadbasket Budgets
- Innovation Funnel
Paper is free to all CHAOS members. Non-members can join by going to our store. You will get this paper as part of your new membership.
CHAOS Activity News
Last Updated on Monday, 20 February 2012 07:21 Written by Jennifer Lynch Monday, 20 February 2012 06:47
We just released the CHAOS Activity News, which covers updates to the CHAOS Knowledge Center. We added 10 new articles including a new best practice with all the supporting articles and 4 additional commentaries. We also added 13 new charts from our January DARTS on optimization and project management expertise. Additionally, there are 2 new executive sponsor interviews and new research note in the Classic report section. These updates and additions resulted in a revision to the CHAOS Chronicles to version 40.1.0 in the CKC.
Goal Focus
Factors for Success show a change at the top. After much research on user involvement and executive sponsorship we have swapped the two and executive sponsorship is now number one and user involvement is in the second space. This month we replaced the best practice point Lesson 5 Point 7 with a new point titled Goal Focus. One of the ways to optimize a project or portfolio of projects is to rate and rank them against each of the items for strategic goal focus. Want to read more? You can sign-up to receive the CHAOS Activity Newsletter here:
Stat of the Week: Connecting with the Executive Sponsor
Last Updated on Sunday, 19 February 2012 21:56 Written by Jim Johnson Sunday, 12 February 2012 08:24
In the January DARTS we asked CIOs, “In your opinion, please rate the difficulty of your IT project workforce to master the project management skill of generally connecting with the executive sponsor.” The results are:
Project Optimization Clinic: Let us show you how you can optimize your projects and increase your return on investment while reducing risk.
Stat of the Week: Using Cloud Computing
Last Updated on Sunday, 19 February 2012 21:49 Written by Jim Johnson Monday, 06 February 2012 08:29
In the January DARTS we asked CIOs, “Do you have an active program to increase business agility by using cloud computing to deliver new service quickly?” The results are:
Once each week we are going to pick one complete stat and put in the news section of the website. But, remember if you see our stats on Twitter they are only one part of the stats. If you want to see 1,000s of complete stats become a member of DARTS.
Stat of the Week: Strategic Goals
Last Updated on Monday, 23 January 2012 20:16 Written by Mark Snow Monday, 16 January 2012 09:00
In the December DARTS we asked CIOs, “In your opinion, please rate the difficulty of your IT project workforce in mastering the project management skill of focusing on strategic goals.” The results are:
Once each week we are going to pick one complete stat and put in the news section of the website. But, remember if you see our stats on Twitter they are only one part of the stats. If you want to see 1,000s of complete stats become a member of DARTS.
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