Annual Cost of Project Failure » Papercut Edge


According to these calculations, the United States wastes $1.2 trillion dollars every year on failed technology projects. I had to figure that out by counting off commas. This isn’t a one-off occurrence. If these estimates are even close to accurate, each and every year, companies in the United States take over a trillion of their hard-earned dollars and burn it. Worldwide? We’re talking $6.2 trillion.Annual Cost of IT Project Failure in the United StatesIn the United States, California is the top burner, with $164 billion a year getting sucked up on IT failures, Texas consumes $108 billion a year, and New York chews up $101 billion a year.

Annual Cost of Project Failure » Papercut Edge

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