CIO Magazine has an article on the Chaos survey results in which they identify that many of the “failed” projects have been cancelled because of recession-related factors (funding removed, staff gone etc). It says “Johnson [Standish Group chairman] estimates that 20 to 25 percent of the failures during the past two years were caused by the economy forcing project cancellations”
The trend is actually for better results in the “challenged” projects: “When we look at challenged projects, we’re seeing fewer overruns, and the waste to value ratio didn’t look too bad even given all the cancellations”. Cost and time overruns are actually less than in previous surveys.
The full article is here: http://www.cio.com.au/index.php?q=article/309383/recession_causes_rising_it_project_failure_rates&fp=&fpid=
Posted by Shane Hastie