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Financial impact

Worldwide cost of IT failure: $6.2 trillion

Worldwide cost of IT failure: $6.2 trillion

By Michael Krigsman on December 22, 2009

Most IT professionals know that project failure is a common and serious problem in organizations of all kinds. New research attempts to quantify the extent of IT failure in the worldwide economy.

Posted in Business | Tagged Financial impact, Project failures, Research and statistics | Leave a response

Scholarly interest in IT failure and waste

By Michael Krigsman on October 4, 2009

The non-technical academic world has become interested in ethical issues surrounding IT failure and wasted resources. Here’s a presentation on failure I’m giving to a scholarly audience.

Posted in Trends & Concepts | Tagged CIO issues, Cultural issues, Devil's Triangle, Financial impact, Governance, IT issues, Project failures | Leave a response

Annual cost of IT failure: $6.2 trillion

Annual cost of IT failure: $6.2 trillion

By Michael Krigsman on September 30, 2009

The total annual cost of worldwide IT failures is $6.2 trillion dollars, according to calculations performed by Roger Sessions, über-expert enterprise architect and CTO of ObjectWatch.

Posted in Trends & Concepts | Tagged Financial impact, IT issues, Politics, Research and statistics | Leave a response

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