McKinsey Report Highlights Failure of Large Projects: why it is better to be small, par... - 0 views
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simonmart on 29 Oct 12"A recent set of studies published by McKinsey Quarterly provides further evidence that the bigger they are the harder they fall. Given that the McKinsey Quarterly's audience is predominantly business executives rather than IT professionals, it's important that CIOs are aware of the findings and have a reasonable response. Large projects not only fail more often they deliver less. According to the McKinsey/Oxford study half of IT projects with budgets of over $15 million dollars run 45% over budget, are 7% behind schedule and deliver 56% less functionality than predicted. That means that:"