Technology is a key driver behind successfully transforming a legal operation. However, with so many solutions on the market, the rapid increase in emerging technologies such as Artificial Intelligence (AI) and cloud computing plus managing risks posed by cyber attacks, delivering a technology project is even more of a challenge than selecting the right solution in the first place.
Though technology itself can help solve some of these business challenges, implementing a successful solution can present its own set of complexities. Planning and delivering such projects requires skill and expertise, yet few organisations have the required skills and experience needed to deliver across every stage of the project life-cycle.
Project lifecycle management (PLM) is the process of planning, managing and controlling a project effectively and efficiently throughout every phase of its lifecycle to achieve overall objectives and deliver the project on time and at the right cost and quality.