Why Major IT Projects are More Likely to Fail Than Any Others

An Oxford study finds that major IT projects are 20 times more likely to fail than others.

ComputerWeekly: A study published by Oxford University's Said Business School finds that major IT projects are 20 times more likely to fail than other IT projects. On average, larger IT projects ran 27 percent over-budget and took 55 percent longer to complete than originally planned. However, some major projects, referred to in the report as "black swans," spin dramatically out of control. These projects cost 197 percent more than planned and take 68 percent longer than planned.

According to the report, the reason for many of the failures is that IT managers ignore unpredictable events when they are planning and instead focus on the average performance of previous IT projects. The study authors also found that software projects were more likely to run over budget than hardware projects because the scope of these projects was likely to change after initial approval.

Tags: IT project management

0 Comments (click to add your comment)
Comment and Contribute


(Maximum characters: 1200). You have characters left.



IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.