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agile, Brexit, CIO, Investment Management, Leadership, Lean, Lean PMO, Politics, Stability, Strategy

A Nifty Article Fifty Breakdown


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If you are a UK CIO you have a lot to think about if June 8th takes article 50 to its natural conclusion…

Here is a nifty breakdown from CIO.com..

“The major milestones for CIOs to keep an eye on include the following:

  • U.K. parliamentary review of Great Repeal Bill (Late 2017): This will provide the first opportunity for an initial assessment of legal impacts on managed service agreements and other IT contract documents.
  • Royal assent of Great Repeal Bill (Mid 2018): At this point, any gaps in the legislation should be addressed, enabling IT organizations to confirm legal impacts and initiate contractual change activities.
  • Brexit negotiations wrap up (Fall 2018): This will create clarity the regulatory, operational, audit, and reporting impacts on IT services.
  • U.K. Houses of Parliament, European Council, EU Parliament, and remaining 27-member Parliament vote on deal (Early 2019): This will confirm IT impacts and enable CIOs to begin related IT change programs
  • Transition period begins (March 2019): CIOs can structure timelines for completion of IT projects to address necessary digital transition and transformation requirements.”

http://www.cio.com/article/3189040/it-industry/how-brexit-will-impact-global-cios-and-it-services.html

However, with all these (less face it) rather boring boxes to tick and cross there will be little resource to deal with the ever increasing pace of change within the wider economy.  As such, the threat of Brexit is not just one of legal and commercial wrangling (Although that will certainly feature heavily).  The real issue is going to be that already stretched IT departments are going to be hit with “Regulation, Regulation, Regulation” when they also have to deal with “Innovation, Innovation, Innovation”.

If Brexit goes ahead the latter is likely to be the biggest casualty.

So how can the CIO keep pace with this?

During this period 3 things will be key to the post-article 50 CIO:

  1. A razor sharp focus on investment in the biggest IT return.  Yes Brexit projects will HAVE to happen but others will need to be picked for their direct impact on organisational outcomes.  This might be revenue or reputation, either way it will be high on the agenda.
  2. Use of Agile to ensure that those BAU projects are kept on track.  Agile methods and techniques such as KANBAN will be needed more than ever to keep visibility high.
  3. IT departments will need to become product centric and better at marketing than the marketing department!  No-one will use your internal product let alone your external one if your team can’t break through the noise of Brexit.

Magic Milestones has a number of services specifically designed to give you maximum bang for buck in times like these.  Read more here.. https://magicmilestones.com/services/

agile, Failure, Investment Management, Lean, Project Management, Project Office, Scrum, Strategy, Uncategorized

Why do only 2.5% of companies successfully deliver 100% of their projects?


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PricewaterhouseCoopers reviewed 10,640 projects worldwide and found that only 2.5% of the companies successfully completed 100% of their projects.

Is this because people are incompetent?   It’s a sad look out for man kind if so.  However, the reality is likely more complicated..

  1.  People can’t concentrate on more than one thing at a time http://bit.ly/1etgh4B so as organisations are made up of people, that applies collectively to organisations as well.
  2. The more time we have to do something the less we achieve.  Take Kickstarter projects as just one example http://kck.st/1VjLaSi  Kickstarter changed the maximum length of a campaign from 90 days to 60 days in 2011 after realising that campaigns that ran for the full 90 days were successful only 24% of the time much less successful than shorter campaigns (over 44%).
  3. As humans we naturally radically under or over estimate what we can achieve.  Unlike pigeons(!) we use contextual information which can lead to biased judgments of interval duration, thereby reducing the precision of these estimates.  http://bit.ly/1XDbbKU

This is why at Magic Milestones we work on 3 themes:

  1. Creating a stable focused team Agile Experts
  2. Focusing on ‘the next right thing’ Lean PMO
  3. Creating a delivery culture using Lean Start-Up and Agile techniques.  Using hard data as a basis for predictions and planning we baseline performance then improve an organisation through  Consultancy & Training

Read more about why we do what we do via Our Story