IT managers are more susceptible to stress than colleagues, and risks in the IT industry are higher than those in other areas. These are the findings of a report into the plight of IT directors, undertaken by research company Ronin on behalf of Sequent. Over 500 corporate IT managers in the UK and US were questioned in the survey. Almost two thirds of IT directors believe that the risks in implementing new technology have increased over recent years, while a similar number reported that the stress associated with such rising difficulties have had an impact on their private lives. Almost 70% claimed that the risks involved in IT are greater than in other functions within their organisations. Over three quarters of IT directors have experienced the complete failure of at least one project during their careers. The most common reasons for this failure are requirements changing, poor planning and unrealistic expectations. A quarter said that elements of IT projects go wrong frequently or quite often. Typically, the failure of a project will cost up to 50 days of working time. Of the sample, 14% claimed they have had to cancel an entire project because the supplier was getting things so badly wrong. A third of respondents also said that they frequently experience budget overruns on IT projects for which they blame the vendor. The survey found these extra expenses have a serious financial impact on the company in half of the cases. While almost all respondents believe that the amount of data they have to deal with in their IT systems is set to at least double over the next three years, half admitted that their current IT infrastructure will be unable to cope with such an increase. The greatest concern of IT managers, said the report, is attracting and keeping good staff. Developing an infrastructure that will address future needs is a key issue for almost two thirds, while nearly one in three report concern with the idea of deploying NT within their core IT infrastructure.
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