British CIOs fail to stick to budgets

One fifth of British IT projects run more than 50 percent over budget.

That’s according to a survey of one hundred CIOs at large companies in the U.K. and Ireland, who said that half of IT projects ran 11 to 50 percent over budget, and a further 21 percent of all projects were at least 51 percent over budget.

Rather depressingly, only 15 percent of respondents expected live projects to reach their budget targets. Based on an average project budget of

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Article

ADaPT connects employers with highly skilled young workers

Help wanted. That’s what many tech companies across Canada are saying, and research shows that as the demand for skilled workers...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now