Failed IT projects cost businesses millions, says survey

The KPMG research, which was carried out among 134 major listed companies in the UK, US, Africa, Australia and Europe, found that 56% of the organisations surveyed had to write off at least one failed IT project in the past 12 months. The average loss incurred by the businesses surveyed was £8 million per failed project, whilst the largest single project failure reported cost £133 million. Owch!
For more info see: Failed IT projects cost businesses millions, says survey | OUT-LAW.COM