“Unfortunately, many underperforming IT-related projects continue longer than they should because management does not constantly assess projects and ensure they generate appropriate value and benefits, ” said Marios Damianides, past international president of ISACA. “It is a good management practice and a sign of appropriate governance to evaluate and take action on underperforming IT projects as they progress, rather than suffer the consequences further down the road. ”

Other top reasons for ending IT projects include:

• Project was no longer a priority (14.4 percent)
• Project exceeded the budget (13.2 percent)
• Project did not support the business strategy (6.6 percent)

Results also showed that security (45.7 percent) is the most important IT-related issue respondents ’ organizations will address throughout 2008. Other IT-related issues are risk (15.3 percent), compliance (15.1 percent), governance (14.8 percent) and assurance/audit (9.1 percent).

A total of 386 IT experts responded to the e-mail survey of participants who attended the 38^th annual North American CACS conference, held this month in Las Vegas. 

The e-mail survey was conducted by ISACA from 23-30 April 2008 among 386 IT professionals who attended the 38^th annual NA CACS conference in Las Vegas, Nevada, USA. Margin of error is +/-5%.