However, an unwillingness to admit—or the inability to realize—that the issues are more complex and require more work than anticipated means that problems continue and often get worse. The research is quite clear on this point. Early cost and schedule overruns end up, on average, much worse in most programs, often costing twice as much as anticipated—and that’s despite the interventions of program leaders (see Exhibit 2 for an example analysis).
WHY IT MATTERS: this post highlights 6 key elements of successful technology projects. They include agile, cloud and service architecture. No surprise. What is interesting is that they can even prevent projects from busting their budget by 200%, which seems to be the "track record of comparable programs" according to McKinsey... #sad