Failure to launch? Count down to project success
Conclusion: Failed projects are newsworthy again. The most recent report from the Standish Group, which has studied over 70,000 IT-based projects since 1985, indicates that project failure levels reached new heights during the GFC. Prima facie, this is counterintuitive. Additional controls (such as closer scrutiny and reduced tolerance levels on spending) and cautionary approaches have typified executive responses to the GFC. However, cost-cutting to meet agreed targets and attempting to hasten project delivery in an already resource-lean environment will have contributed to this result.