IT expenditures have increased substantially. It is estimated that worldwide IT spending has grown 5 percent to 8 percent in recent years and will approach $3 trillion for 2007.1 Yet IT project failures, budget overruns, security breaches and compliance snafus are still abundant. In fact, in 2006, Gartner estimated that more than $600 billion had been squandered on ill-conceived or poorly executed IT projects.2 And according to Standish Group, only 30 percent of projects are considered successful.3

 

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access