Firstly, you won't hear about banks botching major IT projects and wasting $$ because it's their money they just wasted. The public doesn't have any stake in t

Firstly, you won't hear about banks botching major IT projects and wasting $$ because it's their money they just wasted. The public doesn't have any stake in those private institution's decision making or their wallets -- and they are not necessarily harmed by their failures. Unless their IT projects are funded by the public, it's not really our business. They have their own investors, auditors and oversight committee who should worry about their IT projects and cost control. Having worked in public sector (for a small gov't agency in NYC), I know for the fact that most voters or taxpayers don't hear much about most of botched projects or millions of dollars wasted extravagant IT purchases that incompetent gov't career bureacrats make. Or why the last president of my organization was "forced" to resign years ago after a major IT f'up. Normally, there would be no firing, but the scale of the f'up was so gross that the president had to resign, but, despite his public standing as the head of the second largest library system in the country (funded by taxpayers and private donors), nobody got to hear what really happened.