A software project is one of the crucial steps a company takes which is going to result into a huge impact on their organisation. Many IT firms confirmed that their software projects fail due to a number of reasons, or are doomed from the beginning.
According to PMI’s Survey, 14 percent of IT projects fail. However, that number only represents the total failures.
Of the projects that didn’t fail completely,
- 31 percent didn’t meet their goals
- 43 percent exceeded their initial budgets
- 49 percent were delayed
As the software industry is growing, the demand for creating high-scale and feature-rich software applications is increasing for every industry.
However, not all projects go through a smooth road to success. There are many factors and pitfalls that hinder the completion or successful implementation. Let’s understand the top 10 reasons why software projects fail and then map out the solutions to ensure their success.