Requirements process maturity indicator of IT project success

A recent IAG Consulting report indicates that moving from ad hoc methods to a high maturity level for requirements development and management boosted on-budget performance for technology projects by 95%.   The results were derived from a survey of 400 North American companies.

33% of money spent on IT development is wasted, says IAG Consulting – IT Services : News

The study compared companies at 5 different levels of requirements maturity: ad-hoc, defined, implemented, institutionalised and optimising, found that low maturity companies failed to achieve their business objectives on almost half their projects, while taking 35% more time to complete them. High level maturity companies, however, turned their greater management efficiency into fiscal results with return on assets- on average – 10% higher than comparable publicly traded firms in their industry.

Published in: on September 28, 2009 at 10:16 pm  Comments (1)  

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  1. I’ve read an article a few days ago that the waste (in projects) is more than 6 billion worldwide (1.3 in the US).

    I have published an article on failure causes in different maturity levels (it’s a study): . Hope you’ll find it interesting…

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