Study: Poor governance = project failure

IT governance initiatives are generally deployed only within the IT department, leading to a lack of coordination between the IT part of the project and the overall management of business transformation initiatives. This type of poor IT governance leads to project failure, increased costs, data security risks, problems with regulatory compliance and inefficiency, according to a report from consultancy Butler Group. Much of this, the report says, is due to a lack of awareness of IT in boardrooms, although it is generally believed to be the board's responsibility to ensure that large capital expenditures are managed properly. The solution is creating a separate IT governance committee with non-IT executives to oversee and scrutinize large IT projects. This committee can also ensure that risks are identified and mitigated and that transparency exists.

Learn more about the effects of poor IT governance:
- read the article at Silicon

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