Why do we need governance?
http://www.mckinsey.com/insights/business_technology/delivering_large-scale...These findings—consistent across industries—emerged from research recently conducted on more than 5,400 IT projects2 by McKinsey and the BT Centre for Major Programme Management at the University of Oxford. After comparing budgets, schedules, and predicted performance benefits with the actual costs and results, we found that these IT projects, in total, had a cost overrun of $66 billion, more than the GDP of Luxembourg. We also found that the longer a project is scheduled to last, the more likely it is that it will run over time and budget, with every additional year spent on the project increasing cost overruns by 15 percent.