Information technology refers to the various hardware, software, networking, and data management component, necessary for the system to operate. Information technology refers to the resources used by an organization to manage information that needs to carry out its mission. It is the use of any computers, storage, networking, and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. It is through this involvement that the enterprise can apply technology to make the maximum impact on how business is conducted.
The success of the project: There are five reasons for the success of the project: These are as follows:-
1) User involvement;
2) Executive management support;
3) A clear statement of requirements;
4) Proper planning;
5) Realistic expectation.
Failure the project: Top five important reasons for the failure of the project. These are given below –
- Lack of user import;
- Incomplete requirement and specification;
- Changing the requirement and specification;
- Lack of executive support;
- Technological incompetence.