Technology projects often fail or face challenges. According to a 1998 CIO Magazine study, 46% of projects were challenged, 28% failed or were cancelled, and only 26% were successful. Risks include obstacles in enterprise resource planning implementations and a lack of communication between IT and business executives. Project size also impacts risk - even small projects face a 25% risk of underperforming due to factors like budget, duration, team size, and effort. Successful implementations require aligning technology, processes, and people to business strategy through guidelines addressing various stakeholders and aspects of the project.