Procrastination is something that affects the best of us at times, even when it comes to important IT projects. There are plenty of reasons you may have been pushing aside or postponing these important projects, from a lack of manpower and resources to concerns of higher priority taking precedence. Nevertheless, dragging your feet on certain IT projects can have detrimental effects on overall efficiency and performance.
Outsourcing IT projects can help get the ball rolling on those tasks you kept pushing aside for various reasons. Handing off important projects to an outside service provider is sometimes essential for maximizing the department’s budget while insuring the maximum amount of efficiency for in-house IT teams. Outsourcing IT projects can also free up resources within in-house teams, allowing them to focus on other tasks.
Prioritizing IT Projects
One way to push those IT projects along the pipeline is to prioritize them based on IT strategy. However, IT strategy is not the end to a means – instead, it all starts with business strategy, which drives product/service strategy and in turn, IT strategy. The prioritization hierarchy is as follows:
- Business strategy
- Product/service strategy
- IT strategy
- IT projects
Realizing your company’s business and product strategy goes a long way towards determining its IT strategy and consequently, the type of IT projects needed to help the company succeed. However, to establish if a particular IT project has value to your business, it is not enough to use the above hierarchy to determine its specific value. There are also four distinct drivers that govern the value of an IT project to your company’s bottom line:
- Expense reduction
- Revenue increase
- Strategic impact
- Legal/regulatory/security impact
Before determining whether outsourcing IT projects or keeping them in-house works for your company, you should evaluate each project under these four drivers to gauge their value and priority to your business. All four drivers play an important role that meshes with one another, so it is nearly impossible to look at each one separately. Businesses should look at the complete picture before deciding where to go with their IT projects.
Using the above criteria to manage IT demands can help your company prioritize and push through long-awaited IT projects that have been on the back burner. Clearing this backlog also involves outsourcing IT projects to reduce in-house workloads. This prioritization model can help companies determine which projects make the cut, allowing it to best direct its investment funds and manpower.