IT Projects Success
Project management is defined as the methodology, approach and utilizing of tools to manage, organize and deliver a project. The success and failure of the project depends on the ability of the project manager to use the correct methodology and tools for delivering the project successfully. In the same manner, Information Technology (IT) projects also require project management as the entire industry is changing because of rapid developments made in this domain (Brock, 2003, 2). Leaders of the industry have understood the significance of project management and therefore, have developed several methods to deliver IT projects. One of the most common approaches used in this industry are Waterfall project management and Agile project management. The former is a traditional approach in project management, is a sequential model and therefore, one stage has to be completed before the initiation of the other.The later concentrates on providing comprehensive solutions, business and solution analyses and the ability to work under pressure and in turbulent business conditions.
This research paper concentrates on discussing the success of IT projects in the lights of broad and diverse resources. For this purpose, waterfall and agile project management would be discussed and then compared. The next section of the paper would concentrate on discussing the importance of risk management in terms of IT project management. The final section of the paper would provide conclusion and recommendations. Waterfall and Agile Project Management
The waterfall project management approach is a traditional strategy to complete projects. It is based upon using a step by step approach towards the completion of the project. It has four stages in the entire process (Borodzicz, 2005, 100). The first process is to identify the requirements of the project. Appropriate information is collected at this stage with the key strengths and weaknesses are identified. Moreover, the required resources are identified with strategies designed to enhance overall competitive advantage for the organization. The next step is the planning and design stage in which the basic plans are created. The plans are used to ensure that all deliverables are identified with key deadlines and milestones. Benchmarks are established in order to ensure the success of the project. The third stage is the implementation process which can be used for attaining long term growth and success. The final stage involves the completion of the project so that long term goals can be attained within a short period of time. The waterfall approach is designed to ensure that well defined projects can be executed in a rapid manner (Cohn, 2009, 222). It calls for the use of standard operating processes for ensuring project success. The approach is highly successful for well designed projects. Waterfall project management can identify several problems in the project execution stage. It can focus on using a number of innovative approaches in resolving such problems. The primary basis behind the waterfall approach is that timely analysis of the requirements can save time during execution phase. This means that the design process should be perfect in terms of key objectives and deliverables. It should be based upon utilizing a rapid strategy that can help to attain long term success within a short period of time. Moreover, the use of such an approach is that requirements can be determined before the execution. The design process can be executed in a perfect manner provided the basic strategies are followed. The waterfall approach can use a well defined strategy for success (Cohn, 2009, 223). The project managers have clear and precise goals while they conduct research about the requirements of the project. This helps them to identify the best strategies that can guarantee optimum...
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