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How to Complete Projects On Time, Every Time
How do you ensure that IT projects are completed on time and within budget? Waters magazine spoke to Infosys’ expert and other IT professionals on how to manage mission-critical projects in financial services.
Mohit Joshi, Global Head - Sales, Banking and Capital Markets group, Infosys, believes that all stakeholders must understand how a new system can impact the rest of the IT infrastructure from the standpoint of technology, procedures and business. He says that understanding these synergies prevents mid-project requirement changes – a handicap that hinders project completion.
Mohit highlights the ‘people’ factor in a project. When a new manager or CIO joins midway during a project, Mohit says that a course correction may be required. If the project aligns with business objectives, it makes sense to complete development. On the other hand, if the project is ill-conceived, it may be wise to take corrective action.
According to Mohit, companies must adopt a proactive approach to project management and develop a framework to identify risks during major projects.
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