Forty three per cent of respondents said an IT project had recently been cancelled before full implementation.
"At a typical enterprise 20 percent of technology investments are not fully realised," said Lynn Lawton, international president of ISACA. "IT investments represent a potential for significant value and also for waste, both financially and in competitive opportunities."
Other reasons for ending IT projects included a change in priorities, budget over-runs and the realisation that the project did not support the business strategy.