IT project finances under greater scrutiny, say CIOs

Business managers are failing in their responsibilities to record and report IT project returns to the boardroom, according to 76% of the UK’s top CIOs.

Business managers are failing in their responsibilities to record and report IT project returns to the boardroom, according to 76% of the UK’s top CIOs.

Of the 110 CIOs surveyed by CIO Connect, 80% thought that IT projects were under increasing financial scrutiny, yet a third maintained that business benefits were not being monitored by management once projects had gone live.

Meanwhile 66% thought that boards were predominantly tactical rather than strategic in their approach to IS.

The outlook for IT spending varies, but IT leaders said they would strive for tighter supplier management in 2007.

The top priority for 83% of respondents was negotiating tougher terms with suppliers of commodity systems and services to enable more spending on strategic application development and other business change investment programmes.

Around a third of CIOs questioned said they would be short of specific management skills over the coming year, particularly in the programme, project management and business analyst areas in 2007.

 

More information:

Building the IT value profile

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