What it is
Our Strategic Sourcing practice area assists our clients to get optimum business value, at an acceptable level of risk, when buying technology-based assets and services.
Why it is important to you
Ironically, most organisations mistakenly try to save time and money by reducing their preparation before launching into a project.
Research into IT projects conducted in the UK over four years [4] produced some sobering results:
- Only 5% were completed on time
- The average time over-run is around 30%, and
- Of those projects completed late, more than half over-ran by more than 30%.
Together and Separately the customer and the vendor are major causes of troubled technology projects.
source: UK RESEARCH
Time is money, so one can assume that 95% of IT projects cost their owners more that they expected ...
Worldwide, 40% of IT expenditure brings no return. [8]
As the diagram shows, our analysis of the root causes of problems shows that up to 65% can be attributed to the project owner, who is the client. The most common causes of problems are an organisation’s poor definition of their requirements coupled with their poor scope management.
These are the areas where we can help you.
Improving the odds
Our Strategic Sourcing practice area helps our clients improve their chances of success when they enter into a contract with an external ICT specialist for a technology-based business project or program.
We do this by systematically reducing critical uncertainties.
We move our client’s technology-based business project or program through states of readiness – 12 of them. Achieving a state of readiness means reaching a set of conditions that show that the project is ready to progress to the next state. Progress may not be linear, but the states are connected.
We call our approach the QUEST method – its ultimate goal is the successful completion of the project, as the illustration shows. The QUEST method is adapted from the systems engineering process of baseline management which is undeniably logical, sequential and achievable.
Transpire's Quest Method For Strategic sourcing
