Annual cost of project failure in EU: 142 billion euro

The annual cost of project failure in the European Union in has been estimated at €142 billion according to research by Dr John McManus and Dr Trevor Wood-Harper.

The research defines project failure as not meeting any or all of the following success criteria: cost, time, quality and original requirements.  

According to the report, which looked at 214 projects between 1998 and Continue reading article »

Is IT full steam ahead, or back to the future?

I am getting mixed messages from connections in the IT industry; within the space of an hour yesterday I was told that things are “steaming ahead” by one person, while another observed “things are very, very tight, nobody is spending.”

This is hardly a scientific process but my gut feel and general observation of the UK IT user sector over the Continue reading article »

Another billion dollars of “wasted” IT?

From Computer Weekly: “The government has wasted at least half a billion pounds on overrun IT projects, according to figures collected by Liberal Democrat shadow chancellor Vince Cable.”

Congratulations to Vince Cable for highlighting more symptoms of the Trillion Dollar Bonfire. What we really need though is for Government to change their behaviour.

Taxpayers and politicians need to ensure that Government bodies adopt Continue reading article »

Social (networking) insecurity – is it a generation thing?

The growing plethora of social networking sites is being fuelled by a powerful combination of free access, functionality, fashion and fickleness.{readmore}

When each new service comes online it doesn’t seem to take too long for last month’s “latest big thing” to look jaded and less exciting to those who eagerly signed up for yet another free social network subscription. 

I’ll bet that many people Continue reading article »

Another billion dollars on the bonfire?

The Trillion Dollar Bonfire is smouldering in air-conditioned helicopter hangars in Wiltshire. The National Audit Office has lambasted the procurement of eight Chinook helicopters, delivered in 2001 but still not fit for their intended role. The procurement has been described as “a gold-standard cock-up” and the original budget is  estimated to almost double, costing the UK Ministry of Defence nearer £500K. 

It’s Continue reading article »

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