There is no denying that healthcare IT projects are on the rise. There are a number of different reasons why this is the case. In recent years, there have been many data breach attacks on healthcare businesses. The reason this industry has been targeted is because a lot of medical centres and businesses have been using outdated systems. Because of this, a lot of projects involving cyber security are taking place. There are also projects that deal with moving healthcare businesses forward in terms of implementing new software and technologies. With that being said, in this blog post, we are going to take a look at hiring IT teams to handle projects in the healthcare sector.
The fast pace of business development in both healthcare and IT
Recent research has indicated that project managers in the IT and healthcare sector are struggling to keep up with the pace of business development, and this is resulting in project failures. The findings indicate that effective project management is the key to unlocking success in the IT industry specifically, which could result in us seeing a rise in project management courses and project management apprenticeships. Read on to discover everything that you need to know about it.
The statistics you need to know about
A recent survey conducted by Axelos has revealed that almost one-third of IT projects are at risk of failure. This represents £254.3 billion of losses in regards to turnover, which is quite a startling and worrying statistic. The survey involved interviewing 500 project leaders, and 76 per cent of those surveyed stated that projects have become more challenging to deliver because of the more competitive environment we find ourselves in due to the current economic climate. Project failure is something no business can afford, but this is especially the case in the healthcare sector whereby downtime is simply not an option.
The survey also revealed that almost three-quarters of project leaders stated that their project timelines and budgets have become a lot tighter over the past year. A similar portion also stated that stakeholders are now demanding greater value for less outlay. It is, therefore, little surprise that 48 per cent of project managers also stated that their profit margins have lowered over the past 12 months. Furthermore, half of those interviewed said they face challenges in finding the right people to resource for their projects, 55 per cent said they have to deal with business practice evolutions, which make projects more complicated. And, 58 per cent of those surveyed said that risk has increased because of the change in business.
Getting the right help
It is quite clear to see that in order to achieve business growth, healthcare firms need to focus on improving their approach to IT projects. Outside assistance from experts come highly recommended, and this is something you can discover more about at http://thinkwgroup.com/. The survey also indicated that we cannot simply blame external factors for the increasing incidence of project failure. There is also a clear indication that processes aren’t robust enough, especially those relating to skills and resourcing. 65 per cent of project leaders state that project delivery is demanded in much less time than before, however, they aren’t benefiting from on-going skills training. Only 12 per cent of employers provide project leaders with budgets for continued learning, and only 35 per cent of those interviewed said that employee numbers have increased. Training existing employees in IT matters is likely to be inefficient for most healthcare firms, which is why outsourcing talent in this regard is the best route to go down.
All in all, it is quite clear to see the importance of project management when it comes to the success or failure of a business. It is also evident where we are going wrong at the moment. We are expecting project teams to achieve much more in less time, and we are expecting them to do this in more a complex economic environment. Despite this, we are not giving them the tools they need to succeed. We aren’t investing enough in project management training, nor or we hiring the personnel that is required to take projects forward. By making these changes, we can expect to see businesses grow and take great strides forward.
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