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Project Management Assurance - Information Systems

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6<br />

Infotec 2010 – April 14th<br />

Background<br />

• Two out of three IT projects fail to deliver<br />

planned outcomes resulting in cost overruns,<br />

schedule delays, and unmet requirements.<br />

(Standish 2004)<br />

• <strong>Project</strong> failures cost the US economy at least<br />

$24 billion and possibly as high as $75<br />

billion between years 2000 and 2005.<br />

(Charatte, 2005)<br />

© Dr. Deepak Khazanchi and Dawn Owens. May not be reproduced without permission.

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