Software Project Failures - What's new TCS?
TCS released results of a survey conducted by Dynamic Markets on behalf of TCS recently. Folks from TCS suddenly think that they uncovered something new. I am not sure I understood the revelation part of their press release. 1 in 3 companies’ IT projects fail to perform against expectations. Yet despite these worrying levels of failure to deliver, 43% of organizations say that their business managers and the Board accept problems as the norm. This attitude is especially common in Europe (44%) and Asia-Pac (48%). ( Source ) Consider the snip, I understand, released in 1995 revealing something about IT Project failures. According to the Standish Group ... ... only about one-sixth of all projects were completed on time and within budget , nearly one third of all projects were canceled outright, and well over half were considered "challenged." Of the challenged or canceled projects, the average project was 189 percent over budget, 222 percent behind schedule, and c...