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Many IT Projects may be far riskier than normally assumed

Research from the University of Oxford, IT University of Copenhagen, University of Tennessee, and Georgia State University

📋 Introduction

Paper Title: The Empirical Reality of IT Project Cost Overruns: Discovering A Power-Law Distribution
Year of Publication: 2022
Journal: Journal of Management Information Systems
Authors: Bent Flyvbjerg (University of Oxford's Saïd Business School; IT University of Copenhagen), Alexander Budzier (Saïd Business School, University of Oxford), Jong Seok Lee (University of Tennessee, Knoxville), Mark Keil (Georgia State University), Daniel Lunn (University of Oxford), Dirk W. Bester (Independent Researcher)

Why this matters

This study reveals that IT projects may be far riskier than normally assumed, and managers who underestimate the probability of large cost overruns could unwittingly expose their organizations to extreme financial risk.

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