“Recession-related IT budget slashing and layoffs are taking their toll on IT project success rates, according to the results of the latest CHAOS Summary 2009 report from The Standish Group.”

“Jim Johnson, chairman of The Standish Group, says this is the first increase in IT project failures that he’s seen “in a long time.” According to The Standish Group’s research, IT project success rates rose steadily from 1994 until 2000, when they dipped, and then began rising again from 2002 through 2006.”

For those that have followed the Standish Group research over the years, this is an interesting development and an unfortunate setback. This news should trigger a review by organizations to look for ways to mitigate impacts from the recession on their project teams and management process.

Article by Meridith Levinson in CIO Magazine.