A high percentage of IT projects at banks fail to deliver their target benefits. In fact, a large portion of these projects actually destroy value. We estimate that banks waste as much as $10 billion per annum on failed IT investments in Asia Pacific alone, with similar figures in Europe and North America.
We believe that many banks lack the critical tools required to oversee and to manage IT project portfolios. Oliver Wyman’s perspective, Effective Project Portfolio Governance, takes a look at how banks can gain control of their project portfolios by examining five key ingredients to prevent senior managers from ‘flying blind’.
