The project management landscape is changing with an increased emphasis on productivity, reporting, and information technology. A number of studies have been completed that look into the success and failure rates of projects.
It’s a tough figure to swallow: 66% of enterprise software projects end in failure. Research highlights that only one in eight information technology projects can be considered truly successful (failure being described as those projects that do not meet the original time, cost and (quality) requirements criteria).
The phenomenon of “Big Data” exacerbates the tension between potential benefits and privacy risks by upping the ante on both sides of the equation. Any project can fail for any number of reasons: bad management, poor budget management, or just a lack of relevant skills. However, big data projects bring their own specific risks.