"Effective communication between "IT"and "business" are the key success factors of IT projects"

Oct. 1, 2014 - PRLog -- User involvement, management support, as well as a clear statement of the requirements to the future product are the three key factors that lead IT projects to success. This formula of success has been bred on September 25 in Kyiv by IT-experts at the business lunch "Fight for budget: how insurance companies can work with reduced IT budget?" for representatives of the largest insurance companies in Ukraine.

According to the report of The Standish Group in 2013, 61% of all IT projects analyzed in a variety of companies and industries have been unsuccessful. Out of these, approximately every fourth project was stopped prematurely or has been completed, but the result has never been used. The rest of unsuccessful IT projects (about 44%), as a rule, were not completed in the required time, went beyond the allocated budget or delivered with the functionality, which differed from the planned.

The most common causes of such negative indicators of IT projects are:

-        Mismatch of investment in IT projects with business objectives of the company;

-        Unexamined business cases for IT investments;

-        Poor management of projects.

Given the millions of dollars of investment in IT projects, of which more than half will fail in the end, the loss of business acquire enormous volumes.

IT-experts believe that turbulent time and budget cuts - the best time to use new methodologies for the implementation of IT projects.

"The use of agile methodologies for project development allows us to achieve the success of IT projects with a limited budget and in a short time", - said Anatoly Kot, Projects and Program Manager at Softengi. "For example, 90% of the projects implemented with Scrum methodology were successful. Thanks to agile, the customer may at any time stop the project when it reaches its budget or time limit, and he will receive already functioning system."

Agile development of IT projects which was explained to the representatives of the largest insurance companies in Ukraine, not only allows at the end of each stage to get a functioning product, but also to involve the future user of the system in the process of its creation, which is one of the key factors in the success of any IT project. Due to the flexible methodology, business representatives have the opportunity to participate in quality control process and adjust product according to the needs. Thus, the customer on time and within the established budget receives a product that is ready to use and fully complies with the requirements of the customer.

About Softengi:

Softengi provides IT outsourcing services since 1995. Every day more than 150 IT professionals in the offices in Ukraine, the U.S. and Switzerland realize business expectations of the customers worldwide. The company is a member of the Intecracy Group international IT-consortium, Microsoft Gold Certified Partner and The 2014 Global Outsourcing 100 ranked outsourcer (Rising Star #5) by IAOP.

Softengi offers outsourcing software development services, development teams establishment, IT business processes outsourcing, IT consulting, development of business solutions (based on Microsoft SharePoint and Microsoft Dynamics). Among Softengi customers there are world-known companies such as Enviance Inc. (provides services for McDonalds, DuPont, Walmart, Chevron and FujiFilm), Ingersoll-Rand, Boeing, Peterbilt Inc., JSC Bank of Georgia, Mettler Toledo, IMPAQ, IKEA, UniCredit, Zeppelin and other customers in the U.S. , Western Europe and CIS.