A survey of nearly 400 IT professionals on behalf of the Information Systems Audit and Control Association (ISACA) found that a change in business requirements and failure to deliver the anticipated business benefit were the most commonly cited reasons for IT projects being killed off.
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.
Half of all businesses admit to IT project cancellations
By
Gareth Morgan
on
May 20, 2008 3:35PM
New research has suggested that nearly half of firms have recently canned IT related projects before completion.
Got a news tip for our journalists? Share it with us anonymously here.
itweek.co.uk @ 2010 Incisive Media
Sponsored Whitepapers
Extracting the value of data using Unified Observability
Planning before the breach: You can’t protect what you can’t see
Beyond FTP: Securing and Managing File Transfers
NextGen Security Operations: A Roadmap for the Future

Video: Watch Juniper talk about its Aston Martin partnership