The State of the ... “Art”
Standish Group (350co’s 8000 projects)
- 31% Software projects cancelled before completion
- = $81bn wasted
- = $59bn spent on cost overruns
- 53% will cost 189% of cost estimates
- The average project will take 222% of time estimate
- 9% delivered on time, on budget (large co’s)
- 16% delivered on time, on budget (small co’s)