Failed projects leading to IT budget drain?

A CIO Connect census has found that 90 percent of CIOs believe IT projects aren't being properly executed by business, leading to wasted money and resources. The solution, says Nick Kirkland, managing director of CIO Connect, is better project governance. "It is about understanding who is responsible for delivering the business benefits, how the project team is going to work together from their different disciplines, and making that stick," he said. Improving communication between IT and business--and defining what counts as success and failure--is critical in order to avoid misused resources.

For more:
- read the ITWeek report [1]