The BusinessEdge has published the third in Journyx CEO Curt Finch’s three-part series, How Corporate IT Departments are Doing More with Less. Check out How to spot profitability leaks and cost overruns in IT projects before your peers – and then fix them.
You have probably heard the statistic that 70 percent of IT projects are out of control, over budget or broken. Our surveys disagree. Now, I know I’ve seen this statistic show up in several articles. Intuitively, that number doesn’t sound unrealistic to me, even though it is a frustratingly bad number.
If you have 1,000 people doing hundreds of projects with a $100 million budget, and 12 percent of their work is a waste of time, that’s $12 million a year wasted, right? That’s bad. It’s not nearly as bad, however, as the 70 percent failure rate other companies are experiencing based on the above statistic. Somewhere between 12 and 70 percent of IT workers are wasting money, time – even their life’s work. Life is short enough. Let’s not waste it, right?
Read more at: http://businessedge.michcpa.org/issue/article.aspx?i=v2n21&a=142&s=MI