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9/16/2010
03:15 PM
Jake Widman
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15 Budget Busting Technology Projects

Large-scale information technology projects can balloon to inconceivable figures very quickly with endless revisions, change orders and delays pushing budgets into the stratosphere. Sometimes the cost of an IT project can be measured simply in dollars, but just as often these projects costly in other ways -- in reputation, for example. With government projects, it's easy to look at the budget and see how much it costs -- or at least how much it's supposed to cost. In the private sector, it's not
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Knight-Ridder had a vision of a home computer that would deliver banking capabilities, news and advertising to its customers. The vision was fine; the timing wasn't. The $900 initial cost (later dropped to $600) was too much for 1983 and for customers who weren't sure what they were supposed to be getting. The project was dropped in 1986, costing the media giant a cool $50 million.

SEE ALSO:

IT Hall Of Shame

7 Biggest Microsoft Flops Ever

IT Hall Of Shame, Part 2

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