Why tech projects get canned

Almost a half (43%) of organisations have ‘killed’ an IT project before it was fully implemented, according to a survey at the North America Computer Audit, Control and Security conference sponsored by ISACA.

The top two reasons cited by the 386 respondents for ending projects prematurely were that business needs had changed (30%) and the project did not deliver as promised (23%). Other reasons were that the project was no longer a priority (14%), exceeded its budget (13%) and no longer supported the business strategy (7%). To help organisations reduce the costs resulting from inefficient investments, ISACA’s research affiliate, the IT Governance Institute (ITGI), has developed Val IT, a collection of proven management practices and techniques for evaluating and managing investment in business change and innovation that is freely available for download from ISACA’s web site.