The US Office of Management and Budget (OMB) announced yesterday that "As of September 30, 2007, there were 134 business cases remaining on the Management Watch List, compared to 346 in February 2007 when the President released his FY2008 budget request, a decline of 61 percent over almost seven months."
This is truly amazing. Sixty-one percent of government IT projects on the OMB watch list, which indicates whether they are well-positioned to execute, all got better at the same time. One can only conclude that the government has found a new, secret breakthrough to manage IT project risk.
And just in time too, as a bunch of noisy Congressman have been calling for better management of government IT projects, and hinting that some should even be terminated.
Will OMB reveal the newly discovered secret sauce to IT project success, or is its disclosure putting national security at risk? Just think what it would mean to the US economy if suddenly 61% of all IT projects significantly improved their probability of success. It could even mean the end of IT outsourcing!