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ARTICLE · 15 OCTOBER 2012

IT Projects – Steps To Avoid Project Failure

The recent cancellation of a significant public sector IT initiative in Ontario highlighted how frequently IT projects result in delay, cost overruns and generally unsatisfactory results.

CanadaMedia, Telecoms, IT, Entertainment

The recent cancellation of a significant public sector IT initiative in Ontario highlighted how frequently IT projects result in delay, cost overruns and generally unsatisfactory results. The reported percentage of unsatisfactory project outcomes vary widely (ranging from approximately 30% to as high as 60%). (For a survey of various reports on the percentages see: "Why Projects Fail.") A thought provoking September 2011 Harvard Business Review article, "Why Your IT Project May be Riskier than You Think," highlighted a number of projects that not only encountered delay and project cost overruns, but destroyed or severely impacted the broader business.

From our vantage point when dealing with IT projects (usually at the procurement and contracting stages), the following steps will help reduce the risk that your next IT project will join the ranks of failed projects:

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