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Effective governance of IT would increase GDP by 1.6 - 3.1%

Wednesday 3 March 2010, 6:13PM

By www.baz.co.nz

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AUCKLAND

Dr Raymond Young, Macquarie University, analysed a variety of authoritative literature and reasoned that currently:

  • Overall Return on Investment (ROI) for IT related projects is 30%
  • 2/3 of projects deliver no benefits whatsoever
  • Overall, every effective dollar of IT investment is producing four dollars of tangible financial benefit to offset the failed and challenged projects. 

 

Dr Young further reasoned that improved IT project governance practices would:

  • Increase overall ROI for projects to between 135% and 240%
  • Increase Australia's national GDP by between 1.6% and 3.1%.

 

Mark Toomey, who worked with Dr Young at the Australian Institute of Company Directors (AICD) to develop the world's first jargon-free standard for corporate governance of IT, will be in Auckland presenting a seminar for business leaders on the ISO 38500 standard at the end of March.

Mark delivered an acclaimed presentation at the AICD conference on public sector governance in Canberra in October last year, and is scheduled to present at AICD events in Melbourne in March and Sydney in April. He is recognised as a leading international expert on effective corporate governance in the area of information technology. 

Seminar link http://www.infonews.co.nz/event.cfm?l=1&t=0&id=3026