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


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