Finance Blogs

Scott Adams on Board Governance
From Financial Rounds
January 19, 2008 4:40 PM
Corporate governance survey conducted (Pakistan)
From Inside Sarbanes Oxley
January 19, 2008 12:13 AM
Enron-driven reforms are unraveling
From Inside Sarbanes Oxley
January 19, 2008 12:06 AM
More...

The Finance Institute

Tackling T&E Expense Reports
Webcasts
Performance Management – It's Not Just About Technology
Webcasts
More...

Diverts

Husband and Wife Each Win the Lottery
A Wisconsin couple got doubly lucky over the weekend. [more]

South Korean Officials Put Away Their Putters
South Korea's President Lee Myung-bak has told officials to put away their golf clubs, at least until the economy improves, because it sends the wrong signal to the public. [more]

Typo Fixers Get Probation
Two men traveling the United States on a mission to remove typographical errors from public signs have been banned from national parks for a year. [more]

More Diverts

Business Purchasing

Business Finance has partnered with BuyerZone.com to make it easy for you to find advice and tools for your business purchases. BuyerZone's free Request for Quotes service quickly connects you with suppliers of over 150 product, service and equipment categories. They also have hundreds of articles full of purchasing advice and insider tips. Click here to review some of the most common purchases that face your business.

On Your Desktop

Add SearchFinance to your desktop using the Yahoo! Widget Engine:

SearchFinance Widget

From the Blogosphere

January 4, 2008 7:25 PM
From Business Intelligence for Business People


I recently consulted on a large government project where the project sponsor was the CIO. There were only two people above him before you step into the land of 'professional' politicians. This CIO was savvy, smart, and needed to build buy-in from multiple stakeholders (Chiefs of Police... a difficult breed comfortable with conflict) to make this $100M project a success. You may ask how one could not be successful with that kind of cash on the table... but it happens... a lot.

I can think of failed project examples. Specifically I'm thinking of 3 projects in the last 6 years done by large consulting firms (ie. the IBMs, EDS', Accenture's of the world), where failure cost tens of millions of dollars with little or no results. Much of this was your taxpayer money hard at work by the way.

So what makes an unsuccessful project?

Some potential culprits are: technology issues, budget constraints, timeline constraints, user adoption and leadership can contribute to failure. However, leadership stands out the most for me. A leader or project sponsor can make or break the project. They give direction, remove political roadblocks, manage the money... and significant issues escalate to them for final decision.

They have lots to answer for. However let's divide sponsors/leaders into two groups: IT and business. IT sponsors may be the CIO or IT department head. Business sponsors may be CEO, CFO, or VP of a line of business. BUT...

Who makes a better project sponsor and hence best to run a BI project?

(I'm pro-business for this open debate expecting you bloggers and readers out there to provide sharp contrasts and opinionated rebuttles... and support, of course. [Bell ding to begin the round.])

Let's begin with the fact that organizations typically don't have the CIO at the decision-making table - sad but true (oops, I'm pro-business). Okay don't you think this can hinder success if the IT sponsor does not have the backing of the CxO's office? You betcha. Because, let's remember, it's the business who holds the purse strings. And the golden rule is - those with the money, make the rules.

But even without making the rules, business knows what they want and need from BI - simply gather the user & information requirements and ensure IT makes the technology happen. The misconception that IT makes is "if we build it, they will come" -- the value would be so obvious users would clamor to use the BI system. Not true without the business showing IT what they want.

So is it obvious that business sponsors should lead BI projects, especially since BI is for the business? And where do CIO's think they can do a better job? (By the way, the police project I mention above is in progress, so I'll let you know how it goes for the CIO.)

[ Read the entire post at Business Intelligence for Business People ] Open in this window Open in a new window

Other recent entries from Business Intelligence for Business People:

Corporate Finance Channels

Media

WebcastsWebcasts

Upcoming
Achieving GRC Success: Implementation Case Studies
From Business Finance Magazine
Managing Expenses to Drive Down Costs in an Uncertain Economy
From Business Finance Magazine
More
Archived
Planning and Budgeting for SMBs -- Why Automating is the Answer
From Business Finance Magazine
A Savvy Buyer's Guide to HSAs: Lessons from the First Four Years of the Health Savings Account
From Business Finance Magazine
More

PodcastsPodcasts

Standards: Convergence
From CPApodcasts
The End of Free Money
From John B. Levy & Company
More

ResearchResearch

Corporate Responsibility: Burden or Opportunity?
From Grant Thornton
FEI/FERF Survey Of Executive Compensation For Financial Executives
From Financial Executives International
More

VideoVideo

More

Add SearchFinance To Your Site

Add SearchFinance to your own site! Details here.