Cost and Budget Overruns
- Budget Blowouts: Over half (52.7%) of software projects exceed their original budgets by at least 89%.
- Cost Overruns in Large Firms: Large companies are 60% more likely to experience project failures compared to small firms.
Management and Resource Issues
- Project Overload: Nearly half (46%) of CIOs think their teams are managing more projects than they can handle.
- Insufficient Resources: 27% of software projects fail due to a lack of necessary resources or capabilities.
- Inadequate Management: Poor project management is the downfall of 47% of unsuccessful software projects.
- Poor Requirements Management: Mismanagement of requirements causes 32% of project failures.
Quality and Testing
- Quality Control Issues: Only 52% of software projects pass quality tests after release.
- Knowingly Shipping Flawed Products: Over 80% of project managers admit to releasing flawed software.
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Timeline and Scheduling
- Delayed Deliveries: 40-50% of software projects are completed later than scheduled.
- Scope Creep: A staggering 78% of projects experience scope creep, often leading to failure.
User Involvement
- User Engagement: User involvement boosts the success rate of software projects by 15.9%.
Alison Adams, a Philly native and proud University of Pennsylvania alum, is your go-to Career Expert with a laid-back approach. She’s been in the job seeker’s shoes and knows how to navigate the wild world of work. Alison’s all about sharing practical tips and tricks with a personal touch, making her a favorite for those looking to level up their careers.