CHAPTER 1: CONTEXT
Increasingly, corporations are investing more money into information technology (IT) solutions and projects. Forrester Research estimated that worldwide spending on information technology in 2013 topped two trillion US dollars (Forrester 2013). A significant amount of this spend will come in the form of IT projects and programs. The Standish Group estimates that we spend more than $250 billion each year on IT application development of around 175,000 projects (Standish, 2014).
In addition to the increased spend on technology, there are several other trends in the marketplace which should be recognized. Figure 1.1 highlights some of these trends with their associated impacts on technology projects.