A study of 5,400 large scale IT projects (projects with initial budgets greater than $15M) finds that the well known problems with IT Project Management are persisting. Among the key findings quoted from the report:
17 percent of large IT projects go so badly that they can threaten the very existence of the company
On average, large IT projects run 45 percent over budget and 7 percent over time, while delivering 56 percent less value than predicted