This report provides a comprehensive analysis of IT projects, focusing on the impact of globalization, technological innovations, and the adoption of agile methodologies. The analysis includes a detailed examination of IT projects across four different decades, highlighting project failures and successes, and the evolution of IT practices. The report explores the influence of globalization and technological innovations, identifying specific items under each element and assessing their impact, risks, and mitigation strategies. Furthermore, it delves into the agile method, analyzing key literature and addressing project complexities. The report also presents findings in tabular formats, including an Excel table for project impacts and tables that list and explain themes based on various complexities. Overall, this report aims to provide valuable insights into the current state of IT projects and the benefits of adopting agile approaches.