A programme sponsor reading a status report in a quiet meeting room

The honest status report

Large IT projects run on average 45% over budget and deliver 56% less value than predicted. Reporting cannot fix that alone, but it can reveal trouble in time.

November 20264 min read
45%

average budget overrun on large IT projects, in a study of more than 5,400 projects

Source: McKinsey and University of Oxford
56%

less value than predicted was delivered by large IT projects in the same study

Source: McKinsey and University of Oxford
279 days

to identify and contain a healthcare breach, over five weeks longer than the global average

Source: IBM and Ponemon, 2025

McKinsey and the University of Oxford studied more than 5,400 IT projects. Large ones ran on average 45% over budget and 7% over time, and delivered 56% less value than predicted. Most programmes do not fail in one moment. They drift, and reports often hide the drift.

Show what has been evidenced

Replace general confidence with specific evidence: which tests have passed, which teams are trained, which decisions are overdue. A number with a source is harder to wish away.

Separate value from activity

On-time delivery of the wrong thing is still a loss. Keep the original benefits on the report, and ask each month whether they still hold.

Reward early warning

People report honestly if doing so helps them. Leaders set that tone by how they respond to the first piece of unwelcome news.

Sources

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