A survey has found that over-budget IT projects are costing large Irish and UK businesses over €375m per year.
The survey, carried out by management software company CA, also revealed that 25% of all IT projects end up more than 50% over budget.
The budget overspends are connected to the finding that 39% of Chief Information Officers and IT directors do not have complete visibility over the initiatives they are running.
The survey found that the average large company runs 29 IT projects at any one time.
