IT Risk Measured

September 2001
Financial Executive;Sep2001, Vol. 17 Issue 6, p10
Academic Journal
The article presents the results of a survey taken by financial executives on measuring information technology (IT) risk. 84 percent indicated that IT projects they had worked on either ran over budget or failed. More than 20 percent of the group said that they often budget at least a 26 percent contingency to insure against potential overruns. The data was examined from a polling at the Financial Executives International (FEI) Summit in May 2001 by Gladwyne Software Surety, a research institute that focuses on evaluating IT risk and offering insurance against overruns.


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