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Standish Group: “More Projects Failing”

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The Standish Group has published its CHAOS Summary 2009 report. Here are two excerpts from the press release:

“This year’s results show a marked decrease in project success rates, with 32% of all projects succeeding which are delivered on time, on budget, with required features and functions” says Jim Johnson, chairman of The Standish Group, “44% were challenged which are late, over budget, and/or with less than the required features and functions and 24% failed which are cancelled prior to completion or delivered and never used.”

“These numbers represent a downtick in the success rates from the previous study, as well as a significant increase in the number of failures”, says Jim Crear, Standish Group CIO, “They are low point in the last five study periods. This year’s results represent the highest failure rate in over a decade.”

Written by israelgat

May 2, 2009 at 9:52 am