Podcast
Questions and Answers
According to the Standish Group's CHAOS report, what percentage range represents the approximate failure rate (partial or complete) of IT projects?
According to the Standish Group's CHAOS report, what percentage range represents the approximate failure rate (partial or complete) of IT projects?
- 30-40%
- 80-99%
- 60-80% (correct)
- 10-20%
Which factor most significantly contributed to the unsuccessful launch of Healthcare.gov in 2013?
Which factor most significantly contributed to the unsuccessful launch of Healthcare.gov in 2013?
- Use of cutting edge technology stack without proper testing
- Lack of user interest and engagement
- Insufficient budget allocation for the project's scope
- Poor coordination and communication among numerous subcontractors. (correct)
What financial impact did Lidl experience due to their failed SAP implementation project?
What financial impact did Lidl experience due to their failed SAP implementation project?
- €300 million loss from consulting fees and software licenses
- €500 million loss encompassing wasted investment and lost opportunity (correct)
- €100 million loss due to initial setup costs
- €750 million loss due to project delays and legal disputes
Which of the following factors did NOT directly contribute to the Knight Capital trading disaster?
Which of the following factors did NOT directly contribute to the Knight Capital trading disaster?
What term accurately describes the phenomenon where project requirements gradually increase beyond the original planned scope?
What term accurately describes the phenomenon where project requirements gradually increase beyond the original planned scope?
After how many years was the NHS National Programme for IT in the UK ultimately abandoned?
After how many years was the NHS National Programme for IT in the UK ultimately abandoned?
What was the initially allocated budget for the Phoenix Pay System implemented by the Canadian government?
What was the initially allocated budget for the Phoenix Pay System implemented by the Canadian government?
Which of the following factors is least likely to be identified as a primary cause of IT project failures?
Which of the following factors is least likely to be identified as a primary cause of IT project failures?
In the case of the BBC Digital Media Initiative failure, approximately how much money had been spent before the project was officially cancelled?
In the case of the BBC Digital Media Initiative failure, approximately how much money had been spent before the project was officially cancelled?
Which statement about Agile methodology is NOT accurate?
Which statement about Agile methodology is NOT accurate?
What fundamental conflict contributed to the failure of Lidl's SAP implementation project?
What fundamental conflict contributed to the failure of Lidl's SAP implementation project?
How much money did Knight Capital lose during its 2012 trading disaster?
How much money did Knight Capital lose during its 2012 trading disaster?
Which limitation of Agile methodology is most closely linked to organizational culture?
Which limitation of Agile methodology is most closely linked to organizational culture?
What was the total cost overrun for the NHS National Programme for IT in the UK?
What was the total cost overrun for the NHS National Programme for IT in the UK?
Which IT project failure was significantly impacted by issues related to processing payroll for government employees?
Which IT project failure was significantly impacted by issues related to processing payroll for government employees?
What is identified as a crucial factor in achieving successful IT projects?
What is identified as a crucial factor in achieving successful IT projects?
In what percentage of failed projects was misalignment between business and IT identified as a contributing factor?
In what percentage of failed projects was misalignment between business and IT identified as a contributing factor?
In the context of IT project management, what does the term 'strong governance' primarily refer to?
In the context of IT project management, what does the term 'strong governance' primarily refer to?
What was identified as the primary reason for the failure of Agile methods during the Healthcare.gov project?
What was identified as the primary reason for the failure of Agile methods during the Healthcare.gov project?
What essential element can no specific methodology replace?
What essential element can no specific methodology replace?
Flashcards
IT Project Failure Rate (Standish Group)
IT Project Failure Rate (Standish Group)
Approximately 70% of IT projects fail partially or completely.
Healthcare.gov failure cause (2013)
Healthcare.gov failure cause (2013)
Poor coordination among multiple subcontractors.
Lidl's SAP Project Loss
Lidl's SAP Project Loss
Lidl lost €500 million on their failed SAP implementation project.
Scope Creep
Scope Creep
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NHS IT program timeline until abandoned
NHS IT program timeline until abandoned
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Phoenix Pay System Initial Budget
Phoenix Pay System Initial Budget
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Not a cause of IT project failure
Not a cause of IT project failure
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BBC Digital Media Initiative spent amount
BBC Digital Media Initiative spent amount
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Agile methodology and Documentation
Agile methodology and Documentation
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Lidl SAP conflict
Lidl SAP conflict
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Knight Capital losses
Knight Capital losses
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Agile limitation tied to organizational culture
Agile limitation tied to organizational culture
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NHS IT Program Overrun
NHS IT Program Overrun
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Phoenix Pay System
Phoenix Pay System
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Essential IT pillar.
Essential IT pillar.
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Business-IT misalignment factor
Business-IT misalignment factor
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Strong Governance definition
Strong Governance definition
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Agile failure reason (Healthcare.gov)
Agile failure reason (Healthcare.gov)
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No methodology replaces
No methodology replaces
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Study Notes
- According to the Standish Group CHAOS report, approximately 70% of IT projects fail partially or completely.
- Poor coordination among multiple subcontractors was the primary cause of failure in the Healthcare.gov launch in 2013.
- Lidl lost €500 million on their failed SAP implementation project.
- A cause of the Knight Capital trading disaster was not insufficient computing resources.
- Scope creep describes the gradual expansion of project requirements beyond their original scope.
- The NHS National Programme for IT in the UK was abandoned after 9 years.
- The initial budget for the Phoenix Pay System of the Canadian government was 310 million CAD.
- Latest technology adoption is NOT typically considered one of the main causes of IT project failures.
- £98.4 million was spent before the BBC Digital Media Initiative failure was cancelled.
- A false statement about Agile methodology is that it eliminates the need for documentation.
- The fundamental conflict in Lidl's SAP implementation project was an item-based business model vs. customer-based SAP model.
- Knight Capital lost $440 million in 45 minutes in its 2012 trading disaster.
- A limitation of Agile methodology that is most directly related to organizational culture is that it requires a cohesive team to function properly.
- The cost overrun of the NHS National Programme for IT in the UK was £6 billion.
- The Phoenix Pay System failure was characterized by issues with payroll processing for government employees.
- Business/tech alignment is an essential pillar for successful IT projects.
- 100% of failed projects showed business-IT misalignment as a factor.
- "Strong governance” refers to regular controls and clear decision authority in the context of IT project management.
- Inflexible political deadlines was the primary reason Agile methods failed in the Healthcare.gov project.
- No methodology replaces common sense and good governance.
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