Studies of IT Projects Reveal That

question 67

Multiple Choice

Studies of IT projects reveal that:

• A)initial cost estimates are overrun by an average of 15%.
• B)over 66% of IT projects were delivered to customers but not used.
• C)about 25% of all IT projects become runaways by overshooting budgets and timetables.
• D)up to 75% of software projects are cancelled.

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Definitions:

NASCAR Teams

Professional racing teams that compete in the National Association for Stock Car Auto Racing series, characterized by high-speed vehicle competitions.

Goal Clarity

The extent to which the objectives or targets of an endeavor are clearly understood and defined.

Goal Difficulty

Refers to how challenging a set objective is to achieve, impacting motivation and strategy for accomplishment.

Management By Objectives

A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed upon by both management and employees.