From the UK Guardian:
IT is a very immature industry. With a small project, with good people, you can get a good solution. If it's big, people typically lose control.
An interesting article on the world's biggest IT project which is currently 5 years behind schedule and budgeted to £12.7 billion ($23.8 billion CAD). It makes a project that's $998 million over budget look like a drop in the bucket!