16. Januar 2025
Every executive has nightmares about that project—the one that spirals into an unmitigated disaster. In general there are four ways a project can end up in a boardroom-shaking failure that can destroy value, reputations, and trust in one fell swoop. 1. The Titanic Failure: The project chugs along, oblivious to the iceberg ahead, burning millions
Weiterlesen14. Januar 2025
«Trust, but verify.» That timeless adage applies as much to critical projects as it does to diplomacy. Without an independent review, even the best-run projects can veer off course, leaving organizations blindsided by delays, cost overruns, or outright failures. Here’s the uncomfortable truth: internal stakeholders are often too close to the project to see the
Weiterlesen13. Januar 2025
Launching a critical project without an executive sponsor is like sending a ship to sea without a captain—good luck steering through the storm. Projects don’t fail because of bad intentions. They fail because of a lack of alignment, authority, and support. That’s where the executive sponsor steps in—not just as a figurehead but as the
Weiterlesen12. Januar 2025
Far too often, organizations assign critical projects to people who already have full-time roles or, worse, delegate management to a loosely organized team with no single point of accountability. The results? Missed deadlines, blown budgets, and a whole lot of finger-pointing. Here’s the hard truth: if the project is important, it deserves a dedicated project
Weiterlesen6. Januar 2025
The Australian Securities Exchange (ASX) embarked on an ambitious journey to replace its 25-year-old Clearing House Electronic Subregister System (CHESS) with a state-of-the-art, blockchain-based platform. Initially envisioned as a groundbreaking project to enhance efficiency, security, and scalability, the CHESS replacement project quickly turned into a cautionary tale. The initiative faced repeated delays and escalating costs
Weiterlesen2. Januar 2025
Projects fail for a variety of reasons. Especially technology projects have a low success rate. Typically more than half of them are considered a failure. If your current in-house or outsourced software or web development project is off track, chances are I can bring the necessary input and expertise to get the job done. Troubled projects
Weiterlesen2. Januar 2025
In Switzerland, rumors suggest that both Bank Julius Bär and Raiffeisen Schweiz are grappling with failed technology projects, each costing over $100 million so far. Bank Julius Bär is reportedly trying to replace its existing core banking system for the Swiss booking center with Temenos, while Raiffeisen Schweiz is attempting to build a modern e-banking
Weiterlesen16. Dezember 2024
Board members play an important role in steering organizations through the complexities of technology initiatives. To fulfil this role effectively, it’s essential to ask the right questions that probe the strategic, operational, and risk aspects of technology projects. Here are ten critical questions every board should consider: 1) How does this technology initiative align with
Weiterlesen16. Dezember 2024
Effective boards provide clarity, governance, and oversight to steer organizations toward success. However, large technology initiatives, digital transformations, and innovation efforts often challenge even the most seasoned boards. My Board Advisory service empowers boards and board members to navigate the complexities of modern technology decisions with confidence and precision. As a trusted advisor and experienced
Weiterlesen7. Dezember 2024
In 2011, IBM’s Watson took the world by storm when it won the television game show Jeopardy!, showcasing the power of artificial intelligence (AI). Emboldened by this success, IBM sought to extend Watson’s capabilities beyond trivia to address real-world challenges. Healthcare, with its complex data and critical decision-making needs, became a primary focus. Among
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