Beauty of IT Industry… Prepares people to face change and not run away from it…

Every project that you deal is unique in its own way. Though every company has a broad strategy in place to deal with projects, they have to tweak their strategy while dealing projects individually to to cater unique requirements of each project. The topography of the industry is very rough because of competition from other service providers.

Previously projects use to last long. Vendor's job in that case was relatively easy. Once it bags a project it can guarantee revenue for good amount of time. In the present day, a big project is broken into pieces based on functionality, technology, phase of project etc. These pieces are awarded to vendors who are specialists in their domain. This way they will be getting the best product by combining the best of all.

In the current scenario, vendors should be more watchful and see the project does not over run in terms of budget or schedule. To ensure this, every company needs to develop competency in every aspect of delivering a project.

These days, because of fragmentation of big Projects, each project lasts for relatively short time. Bagging a project will only guarantee revenue for a short period. To sustain revenues for a long time, companies should constantly win projects and deliver projects successfully. Winning projects constantly demands changing the strategies frequently to meet the need of the hour.  If the strategies are not changed, then they are lost in the evolution. Because of the short-term projects, companies need to change their strategy very often. This makes people working in IT industry face any change. Change is always draconic.

Of late, every industry is experiencing this phenomenon of fast change. Every industry needs people who can face change and not who can run away from change. They definitely look for people who have deftly handled change. I am sure all other industries look for people with IT background in future.