Causes of cost overruns among IT projects 2012

The statistic shows the leading groups of issues that cause cost overruns among information technology (IT) projects with budgets of more than 15 million U.S. dollars, by type, according to a study conducted by McKinsey and the University of Oxford. As of June 2012, missing focus, such as unclear objectives or a lack of business focus, was to blame in 13 percent of IT projects with budgets of more than 15 million U.S. dollars that overran their costs.

Leading reasons for cost overruns for large information technology (IT) projects, as of June 2012

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Sources

Release date

October 2012

Region

Worldwide

Survey time period

June 2012

Number of respondents

5,400 IT projects

Special properties

IT projects with budgets >$15 million in 2010 U.S. dollars

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