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51% viewed their ERP implementation as unsuccessful n KPMG, Canada. The survey covered1,450 public and private sector anizations:? Over 61% of the IT projects that were analyzed were deemed to have failedProject Success and Failures:Statisticsn The Chaos report, USA. The survey covered 8,380 applications through IT executive managers in large, medium, and small panies across major industry segments: banking, securities, manufacturing, insurance and government anizations:? 31% of the projects will be cancelled before they ever get pleted? % of projects will cost over 189% of their original estimates? Only % of software were pleted ontime and onbudgetStatistic cont. n The OASIG study, UK. Sample based on 45 experts employed by universities and consultancies. ? The bottom line is: 7 out of 10 IT projects “fail” in some aspect.n Seventyfour percent of all IT projects fail, e in over budget or run past the original deadline... 28 percent of projects fail altogether.Source: The Standish Groupn Every year, $75 billion is spent on failed IT projects in the .Source: The Standish GroupSession TwoDefining Information Systems StrategyWhat is an Information System??Main ponents ?Technology?People?Organization/business?DataStrategyn Simple definitionKnowing where we are nowKnowing where we want to beand knowing roughly how to get thereInformation Systems StrategyBusinessstrategyInformation SystemsstrategyInformationTechnologystrategyWhere are weGoing, and why?What is needed to do in order to achievethe business objectives?How can we deliverThe business objectives?Session TwoLet us understand different kinds of IS projectsWHY DO WE USE IT ??Different Kinds ofInformation Systemsn Some contribute simple efficiencyn Some contribute petitive advantagen Some contribute relatively littlen Some are purely experimentalThere is a framework that can help us to anize our thoughts:n Benefits What is most important to don Resources What is capable of being donen Risks What is likely to succeedThe Applications PortfolioStrategic High P