Wow. That's a startling title and number. The article is short and the math is... well... even if the number is half that, it's still pretty startling.

http://blogs.zdnet.com/projectfailures/?p=7627&tag=nl.e539

This caught my eye even more:

Study: 68 percent of IT projects fail

http://blogs.zdnet.com/projectfailures/?p=1175