Project Failures
In fact, the Standish Group (www.standishgroup.com) has found that only about 17 percent of all software projects done in the United States meet the original PCTS targets, 50 percent must have the targets changed—meaning they are usually late, overspent, and have performance requirements reduced—and the remaining 33 percent are actually canceled. One year, we spent over 250 billion dollars on software development nationwide, so this means that 80 billion dollars was completely lost on canceled projects. What is truly astonishing is that 83 percent of all software projects get into trouble!
The Standish study reported here was conducted in 1994. In the February 2001 issue of Software Development magazine, an ad for a software ...
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