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Just Statistics

Just Statistics. Standish International Group’s findings 8,380 projects across 365 companies 31% cancelled 53% late, over budget, in trouble In USA $250 billion spent annually on 175,000 IT applications $140 billion wasted because of lack of process & standards

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Just Statistics

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  1. Just Statistics Standish International Group’s findings • 8,380 projects across 365 companies • 31% cancelled • 53% late, over budget, in trouble • In USA $250 billion spent annually on • 175,000 IT applications • $140 billion wasted because of lack of process & standards Software Engineering Institute’s findings • $1 invested in process improvement returns $4 - $6

  2. Why Projects Fail Percent % • Incomplete requirements 13.1 • Lack of user involvement 12.4 • Lack of resources 10.6 • Unrealistic expectations 9.9 • Lack of executive support 9.3 • Changing requirements & specs 8.7 • Lack of planning 8.1 • Didn’t need it any longer 7.5 • Lack of IS Management 6.2 • Technology illiteracy 4.3

  3. Why Projects Succeed Percent % • User involvement 15.9 • Executive Management support 13.9 • Clear statement of requirements 13.0 • Proper planning 9.6 • Realistic expectations 8.2 • Smaller project milestones 7.7 • Competent staff 7.2 • Ownership 5.3 • Clear vision and objectives 2.9 • Hard-working, focused staff 2.4

  4. Why Plan? “Roughly 70% of System Projects will come in materially late, materially over budget, or will fail to meet significant user expectations.” Tom Ingram, writing in PMI’s Project Management Journal, June 1994

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