The global recession and how to cope with it will inevitably dictate the business and IT agendas during 2009. While the general consensus is that IT budgets are likely to remain relatively flat overall, circumstances will vary from industry to industry, with sectors such as financial services and travel being hardest hit. Government and utilities will see investment remain relatively buoyant.
We normally define project failure in terms of time, money and specification. A typical end-of-project report will state that the project was late, cost too much or failed to meet the users’ requirements. The National Audit Office reports on public sector projects that fail to meet these criteria.
PMI’s second edition of a portfolio management standard shows its author group’s solid understanding of this complex domain. Although the standard is moving in the right direction, readers will want some content in greater depth and find some necessary content is missing.