Conclusion

If the correct environment is developed, the right people are chosen to participate, and the compensation incentive plan is well-managed, it can produce benefits (perhaps significant benefits) for the entire organization. Putting the plan in place, overcoming whatever difficulties may arise, and documenting the result will take time and patience. Several versions of the process might have to be tried to find the best approach for a particular organization.

The potential payoffs within the plan: improving the quality of IT projects, bringing those projects to completion on time, and within the original budget, should be seen as of paramount importance to the IT department and to the organization. Achieving those rewards is worth the effort required. They are also worth enduring any cultural strains that may have to be faced and overcome in order to reach the desired goals.

The subject of changing IT development project compensation should be considered on the basis of risk versus reward. Using that approach, a favorable argument can be quickly developed that balancing the risk (the approach fails) against the reward (significant improvements in IT project management), there is no reason not to move to a changed compensation plan. New ways must be found to improve the IT project development process; going to a new compensation approach represents a sound way to move toward that improved environment.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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