Business Leaders Understand these Four Software Project Principles

Amanda Kasten
3/31/22 10:45 AM

They're costly, irritating, and can be incredibly time-consuming.

Software projects involve developers, project managers, business analysts, and more that run the gamut of requirements changes, workloads, varied experience, and limited resources.

According to several studies, the failure rate for software projects ranges between 50% to 80%. We've seen examples. Software development projects that last between two to three years, held up by the complexities of data integration, applications, reporting, analysis, and more. Black swan? Maybe. But, the question stands ...

How can we control the chaos of software projects?

Starting from Scratch is Starting Behind

Starting from scratch is a high-risk proposition.

You probably have a capable group of individuals who can build a homemade solution, but will they have time? Top developers are usually working on other projects that may have more priority. Add the level of expertise required for success, and you can understand why internal projects - depending on their complexity - can fail.

Pre-existing and optimized software can drive down risk.

Using a trusted data platform can bring an organization 60% to 70% of the way to completion. If your vendor understands your organization and has years of industry experience, you can transition quickly into production - many times in six to nine months instead of two to three years.

The Worth of Good Project Managers

Proven processes and leadership are essential.

Because of the complexity of enterprise data projects, teams need someone to shepherd them through the peaks and valleys of producing high-quality and on-time solutions. The project manager, especially one certified as a Project Management Professional (PMP), brings a high degree of industry knowledge and skill to projects.

When on-time delivery is essential, a PMP-certified project manager can consistently plan and manage projects to deliver as committed. Thanks in part to Kingland project managers, over 90% of Kingland Platform software projects deliver on or ahead of their commitment date. That's compared to a 41% industry average, according to the 2020 CHAOS Report by the Standish Group. This is coupled with Kingland's reappraisal at the highest maturity level for CMMI, a world-renowned capability and performance improvement framework.

Technology has a Shelf Life

Too many of us hang on to old, but prized possessions.

We continue to use outdated systems that work "well enough" yet have their limitations. Inefficient. Unstable. A security risk. These terms, along with being incompatible with new technology, and an unyielding silo of information, are a few ways to describe problems with legacy systems. As someone who uses a system to manage, edit and make decisions from accurate data, you understand the frustrations of using a system that doesn't grow with your needs.

It's about trust.

What if you relied on ongoing updates and maintenance? You get the leading edge of the technology space without trying to play catch-up after a lengthy and costly in-house development period. What if this was coupled with years of software design experience in your industry?

Expertise is Priceless

At Kingland, we use up-to-the-minute expertise on technology, security practices, and cloud optimization in our software development.

While other companies build their software in-house, we have already developed cloud-optimized platform capabilities to keep up with rapidly changing demands and technology. In addition, we have the practice, experience, and visibility of our clients, and their industry, to offer continued user experience enhancements and additional service offerings to accelerate value.

As an example, let's look at a global company with numerous engineering personnel requiring a solution for regulatory compliance.

  • Phase 1 of the project could cost $20 million and three years for the first major region
  • Phase 2 could cost an additional $20 million and another three years to globalize
  • These figures do not include the cost of hosting, deployment, or other ancillary costs

This same project, with the Kingland Platform, would cost $1.5 million to establish, then $3 million per year to use. The team would be able to use and manage data in less than 12 months.

The example listed above is not universal to everyone. Many companies won't have the same demands, requirements, and changing regulations as the most integral companies of the world.

But substantial software challenges require comprehensive solutions and experience with significant improvements to cost, time, and risk.

To understand how your team can see results in months - and not years - learn more about the Kingland Platform.

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