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