Recession increases IT project failures

As if the recession wasn't bad enough, budget slashing and layoffs have also taken their toll on the success of IT projects, according to a report by The Standish Group. The group surveyed 400 organizations and found that IT project success rates were dropping. In the past two years, it found that one in four projects was considered a failure.

Some 44 percent were considered challenged: They finished late, were over budget or had fewer than the required features and functions, according to the survey. Jim Johnson, chairman of The Standish Group, told CIO.com it's the first increase in IT project failures that he's seen "in a long time."

The last time the group did a similar survey was in 2006. That survey found that 19 percent were failures and 46 percent were challenges.

For more on the recession and IT projects:
- check out this CIO.com article [1]

Related Articles:
Managing through a recession [2]
A list of IT layoffs [3]
Take control of your IT career amid layoffs [4]