ZDnet (via The Open Road) :
Worldwide cost of IT failure: $6.2 trillion
Most IT professionals know that project failure is a common and serious problem in organizations of all kinds. New research attempts to quantify the extent of IT failure in the worldwide economy.
Most IT failure research seeks to determine the percentage of projects that run over-budget, are late, or do not deliver expected results. While those numbers are important, they do not convey a concrete sense of the overall cost impact created by failed IT.
To address this issue, Roger Sessions, a noted author and expert on complexity, developed a model for calculating the total global cost of IT failure. Roger describes his approach in a white paper titled, The IT Complexity Crisis: Danger and Opportunity. He concludes that IT failure costs the global economy a staggering $6.2 trillion per year. [More]
posted by: gqpartner