WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
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5 #digitalTransformation areas for Boards via @McKinsey - Does your Board do that? Heck, does your *management* do that? Having senior executives with the interest or knowledge about the topics in ...

5 #digitalTransformation areas for Boards via @McKinsey - Does your Board do that? Heck, does your *management* do that? Having senior executives with the interest or knowledge about the topics in ... | WHY IT MATTERS: Digital Transformation | Scoop.it

Boards can add value to their business’s digital transformation in five specific areas.

Farid Mheir's insight:

WHY IT MATTERS: not sure many senior executives, with backgrounds in Finance or Law, have the knowledge or interest to raise those topics and show their limited understanding of the whole thing. Then again, maybe it's just me...

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Large #digital #technology projects often bust their budget by 200% but #agile #cloud #servicesArchitecture can help keep things on track says @McKinsey #makesSense

Large #digital #technology projects often bust their budget by 200% but #agile #cloud #servicesArchitecture can help keep things on track says @McKinsey #makesSense | WHY IT MATTERS: Digital Transformation | Scoop.it

However, an unwillingness to admit—or the inability to realize—that the issues are more complex and require more work than anticipated means that problems continue and often get worse. The research is quite clear on this point. Early cost and schedule overruns end up, on average, much worse in most programs, often costing twice as much as anticipated—and that’s despite the interventions of program leaders (see Exhibit 2 for an example analysis).

Farid Mheir's insight:

WHY IT MATTERS: this post highlights 6 key elements of successful technology projects. They include agile, cloud and service architecture. No surprise. What is interesting is that they can even prevent projects from busting their budget by 200%, which seems to be the "track record of comparable programs" according to McKinsey... #sad

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Curated by Farid Mheir
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