About 70% of technology projects fail. Best practices, skills and competencies have been improving for decades — so why do project still fail? Projects fail when, they solve the wrong problem, can’t find a good enough solution or over invest because of the psychological biases.
About 70% of IT / digital transformation projects fail. Approximately 45% are late and 25% get cancelled. The commonly held belief is that projects fail because they do not follow best practices and don’t have all the right skills on the team. …
Teams struggle to understand when a solution is good enough. They get stuck in endless development cycles trying to meet the arbitrary standards of insiders, causing schedules to slip, budgets to balloon and eventually projects to fail.
Before we understand what a good enough solution is, lets first look at what is a solution.
A solution is a direct antidote to the problem.
A Solution has three parts
Teams don’t struggle with solving problems but figuring out what the problems are.
Though many factors contribute to a project’s failure, nothing is more certain to cause a project to fail than solving the wrong problem or realizing too late that the problem was misunderstood.
A common misconception is that identifying the right problem is an innate ability that only a select few visionaries like Henry Ford or Steve Jobs possess. Their quotes,
“If I asked people what they wanted, they would say “a faster…