Last week we discussed contemporary and exciting IT projects that were exhibited at this year's edition of the Zimbabwe International Trade Fair in Bulawayo. However, there are several horror stories about IT projects that we wish to discuss in this issue.
According to the Standish Group, "over half of IT projects conceived overrun their schedules and budgets, 31 percent are cancelled, and only 16 percent are completed on time".
While there are many reasons for the high failure rates, the most significant factor is poor project management and the absence of IT governance.