Transformative IT projects are not for the faint of
heart, as they carry with them high probabilities of cost overruns,
material delays and unacceptable service deficiencies.
However, whether such projects are undertaken to save
cost, to maximise the utilisation of IT resources across a group of
affiliates, or to improve customer services, the commercial
negotiation and legal preparation of complex, often cross-border,
service contracts can do much to improve the success of those
projects, if done well.
Given the financial impact of project failures, the risk factors
for transformative IT projects have been well studied and
documented by public inquiries into such failures and by research
studies published by some of the world's leading consulting
firms.