*************************
The Chaos Report
The Chaos Report is the first survey made by the Standish Group. This report is the landmark study of software project failure. It is cited by everybody writing a paper or making a presentation were a reference is made of software project failure.
Scope of the Study
The respondents to the Standish Group survey were IT executive managers. The sample includes large, medium, and small companies across major industry segments : banking, securities, manufacturing, retail, wholesale, heath care, insurance, services, and local, state, and federal organizations. The total sample size was 365 respondents representing 8,380 applications. In addition, The Standish Group conducted focus groups and personal interviews to provide qualitative context for the survey results.
Key Findings
The Standish Group research shows a staggering 31.1% of projects will be canceled before they ever get completed. Further results indicate 52.7% of projects will cost over 189% of their original estimates. The cost of these failures and overruns are just the tip of the proverbial iceberg. The lost opportunity costs are not measurable, but could easily be in the trillions of dollars in the United States alone.
Based on this research, The Standish Group estimates that American companies and government agencies will spend $81 billion for canceled software projects. These same organizations will pay an additional $59 billion for software projects that will be completed, but will exceed their original time estimates. The Standish Group estimates that almost 80,000 projects were cancelled.. Risk is always a factor when pushing the technology envelope, but many of these projects were as mundane as a drivers license database, a new accounting package, or an order entry system.
On the success side, the average is only 16.2% for software projects that are completed on-time and on-budget. In the larger companies, the news is even worse: only 9% of their projects come in on-time and on-budget. And, even when these projects are completed, many are no more than a mere shadow of their original specification requirements. Projects completed by the largest American companies have only approximately 42% of the originally-proposed features and functions. Smaller companies do much better. A total of 78.4% of their software projects will get deployed with at least 74.2% of their original features and functions.
This data may seem disheartening, and in fact it is, 48% of the IT executives in our research sample feel that there are more failures currently than just five years ago.
***********************
Upfront <b>design</b> is kinda important especially in financial information systems...
cj...
__________________
HAVE STOP - WILL TRADE
If You Have The Vision We Have The Code
The Chaos Report
The Chaos Report is the first survey made by the Standish Group. This report is the landmark study of software project failure. It is cited by everybody writing a paper or making a presentation were a reference is made of software project failure.
Scope of the Study
The respondents to the Standish Group survey were IT executive managers. The sample includes large, medium, and small companies across major industry segments : banking, securities, manufacturing, retail, wholesale, heath care, insurance, services, and local, state, and federal organizations. The total sample size was 365 respondents representing 8,380 applications. In addition, The Standish Group conducted focus groups and personal interviews to provide qualitative context for the survey results.
Key Findings
The Standish Group research shows a staggering 31.1% of projects will be canceled before they ever get completed. Further results indicate 52.7% of projects will cost over 189% of their original estimates. The cost of these failures and overruns are just the tip of the proverbial iceberg. The lost opportunity costs are not measurable, but could easily be in the trillions of dollars in the United States alone.
Based on this research, The Standish Group estimates that American companies and government agencies will spend $81 billion for canceled software projects. These same organizations will pay an additional $59 billion for software projects that will be completed, but will exceed their original time estimates. The Standish Group estimates that almost 80,000 projects were cancelled.. Risk is always a factor when pushing the technology envelope, but many of these projects were as mundane as a drivers license database, a new accounting package, or an order entry system.
On the success side, the average is only 16.2% for software projects that are completed on-time and on-budget. In the larger companies, the news is even worse: only 9% of their projects come in on-time and on-budget. And, even when these projects are completed, many are no more than a mere shadow of their original specification requirements. Projects completed by the largest American companies have only approximately 42% of the originally-proposed features and functions. Smaller companies do much better. A total of 78.4% of their software projects will get deployed with at least 74.2% of their original features and functions.
This data may seem disheartening, and in fact it is, 48% of the IT executives in our research sample feel that there are more failures currently than just five years ago.
***********************
Upfront <b>design</b> is kinda important especially in financial information systems...
cj...
__________________
HAVE STOP - WILL TRADE
If You Have The Vision We Have The Code
