In the world of the projects, a Go-Live is very sacred date. There is much emotion attached to it, and for the right reasons.
However, if the team cannot meet the planned Go-Live date, then there are many side effects the business has to cope.
Let us see what they are?
- Changing world: The risks of changing world around you – e.g. risk of competition; new entrants; industry disrupters, changes in government policy and regulations.
- Delay in other business initiatives: Delay in the existing projects increases overall Work in Progress (WIP). It causes inefficiency and may delay other planned projects.
- Project Team Morale: Few team members that commit their heart and soul to the Project feels disheartened by Go-Live date shift. As a result, their engagement level drops.
- Total Cost of Ownership (TCO): Longer the Project drags, higher is the TCO. It should be a critical consideration for the business case.
- People move on: For the projects that drag for a longer period (over one year), the chances are that key resources will move on. It leaves a gap of knowledge and experience. The new people will take the time to learn and adjust. Overall it causes further delay and increase in TCO.
In a nutshell, there must be a good reason for the delay. We must continuously review the Business case to justify the delay, reassess risks and find alternatives. We must know where we are heading. Drifting is sinking!