Stories by Scott Groombridge

The CFO and IT

IT projects are failing at an alarming rate; the general consensus is that 25 percent of projects fail, 25 percent succeed and 50 percent fall somewhere in the middle.
What is your organisation’s IT budget? New Zealand’s spend on IT goods and services (not including internal labour and so on) is $6.4 billion. Scary huh? You may not have heard about the scale of these failures as it isn’t really in anyone’s best interest to declare them, but they are there, just ask anyone on a project team, or check what each projects planned dollar benefit is then compare it to the actual dollar benefit, a few years after delivery, if the measures are there. It is not pretty.

Written by Scott Groombridge15 March 11 22:00