It is encouraging to see a CIO who takes the lead in focusing on projects that will bring value to the organization and improve its bottom line. Close to 70 percent of IT projects fall in the failed or challenged category?the latter meaning the projects were delivered but did not produce the promised value for the customer. Two common reasons projects fail are a poorly defined organizational strategy and the lack of a well-designed process to filter out low-value projects. Keeping this in view, my suggestion to Deseret Book CIO Niel Nickolaisen is to ensure that mission-critical project classification is tied to specific quantified strategy metrics?for example, to obtain 25 percent additional market share by December 2004 at an investment of no more than $2 million. Without this, the mission-critical definition will revolve around people’s wishful thinking, a definite path to failed and challenged projects. The same goes for the market-differentiating definition.Another key factor Nickolaisen must include in his simplified decision process is the risk exposure of each proposed project. Often projects get approved without the risk being fully evaluated. For example, if the IT group started four projects designed to gain that 25 percent market share and assumed the project failure rate is 50 percent, its ability to succeed is fairly slim. It would behoove them to plan for a higher percentage gain to be able to meet the desired 25 percent mark. Nickolaisen is taking a step in the right direction to simplify the decision-making process. Now he needs to make sure the process is comprehensive and robust. Related content brandpost Sponsored by SAP Generative AI’s ‘show me the money’ moment We’re past the hype and slick gen AI sales pitches. Business leaders want results. By Julia White Nov 30, 2023 5 mins Artificial Intelligence brandpost Sponsored by Zscaler How customers capture real economic value with zero trust Unleashing economic value: Zscaler's Zero Trust Exchange transforms security architecture while cutting costs. By Zscaler Nov 30, 2023 4 mins Security brandpost Sponsored by SAP A cloud-based solution to rescue millions from energy poverty Aware of the correlation between energy and financial poverty, Savannah Energy is helping to generate clean, competitively priced electricity across Africa by integrating its old systems into one cloud-based platform. By Keith E. Greenberg, SAP Contributor Nov 30, 2023 5 mins Digital Transformation feature 8 change management questions every IT leader must answer Designed to speed adoption and achieve business outcomes, change management hasn’t historically been a strength of IT orgs. It’s time to flip that script by asking hard questions to hone change strategies. By Stephanie Overby Nov 30, 2023 10 mins Change Management Change Management IT Operations Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe