A study by PM Solutions identifies that, on average, companies manage $200 million in projects annually, with about 37% considered 'at risk.' The report highlights the occurrence of high-impact 'black swan' events in large IT projects, which can lead to budget overruns of over 200%. This situation raises concerns, as up to 75% of business and IT executives expect their software projects to fail.

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4. Photo by USAID_IMAGES / CC BY

5. Photo by Amagill / CC BY

6. Photo by NASA Goddard Space Flight...

7. Photo by Fotolia

8. Photo by Tax Credits

9. Photo by successfully-speaking

11. Photo by iStock

12. Photo by Intelliware

13. 0 5,000,000 10,000,000 15,000,000 20,000,000
Panama
Singapore
Sweden
Tunisia
Senegal
Netherlands
Developers
Population

14. Photo by James Cridland

15. Photo by AsofReg

17. *A study by project management consulting company, PM Solutions, identifies top causes of IT failure. The report, called Strategies for Project Recovery ,covers 163
companies roughly split between small, medium, and large organizations. On average, respondents manage $200 million in projects each year, of which approximately 37
percent are "at risk." The average company in the study therefore faces $74 million of "at risk" projects each year. -
Photo by iStock

18. Photo by Patrick Hoesly

19. Photo by Pierre Guinoiseau
*These unpredictable high-impact events—“black swans” in popular risk parlance—
occur significantly more often than would be expected under a normal distribution.
Large IT projects that turn into black swans are defined as those with budget overruns
of more than 200 percent (and up to 400 percent at the extreme end of the spectrum).

20. Photo by iStock

21. Photo by iStock
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22. Photo by Defense Advanced Research Projects Agency (DARPA)

23. Screenshot of healthcare.gov. Taken July 22, 2014.

25. Photo by iStock

26. Photo by iStock

27. Photo by Woodworker

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1. Forrester: $2.1 Trillion Will Go Into IT Spend In 2013; Apps And
The U.S. Lead The Charge, Techcrunch, 2013.
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citing U.S. Bureau of Labor Statistics. 2012.
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2015 – Strong Growth Seen in Asia, Evan Data Corporation via
PRWeb. 2011
13. Strategies for Project Recovery, PM Solutions. 2011
14. Delivering large-scale IT projects on time, on budget, and on
value, McKinsey & Company. 2012.
15. Delivering large-scale IT projects on time, on budget, and on
value, McKinsey & Company. 2012.
16. Up to 75% of Business and IT Executives Anticipate Their
Software Projects Will Fail. Geneca. 2011.
17. Applied Software Measurement, Caper Jones, found via Allan
Kelly, 2008.
18. Thirty-Nine Percent of Software Developers Say a Government
Agency is Tracking Their Data. Evans Data Corporation. 2013.
19. HealthCare.gov cost $174M -- so far. Healthcare IT News. 2013.
20. Forrester Databyte: Spending on Custom Software in 2010.
Forrester. 2010.
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22. IT & Telecom Spend - 80 Industry Sectors, KEW Associates.
23. Forrester Databyte: Spending on Custom Software in 2010.
Forrester. 2010.
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1. Slide 1 - Photo by Appointment Setter
2. Slide 4 - Photo by USAID_IMAGES / CC BY
3. Slide 5 - Photo by Amagill / CC BY
4. Slide 6 - Photo by NASA Goddard Space Flight... / CC
BY
5. Slide 7 - Photo by Fotolia
6. Slide 8 - Photo by Tax Credits / CC BY
7. Slide 9 - Photo by Successfully Speaking
8. Slide 11 - licensed from iStockphoto
9. Slide 12 - Photo by Intelliware
10. Slide 14 - Photo by James Cridland / CC BY
11. Slide 15 - Photo by AsofReg
12. Slide 17 - licensed from iStockphoto
13. Slide 18 - Photo by Patrick Hoesly / CC BY
14. Slide 19 - Photo by Pierre Guinoiseau / CC BY
15. Slide 20 - licensed from iStockphoto
16. Slide 21 - licensed from iStockphoto
17. Slide 22 - Photo by Defense Advanced Research
Projects Agency (DARPA)
18. Slide 23 - Screenshot of healthcare.gov. Taken July 22,
2014.
19. Slide 25 - licensed from iStockphoto
20. Slide 26 - licensed from iStockphoto
21. Slide 27 - Photo by Woodworker
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