Latest study shows rise in project failuresThe latest "CHAOS Summary 2009" study from the Standish Group reports a downward trend in project success rates with more project failures compared to previous years. The Standish Group is a Massachusetts-based consultancy responsible for publishing the CHAOS reports since 1994. The reports are based on studies of IT projects and track the success, challenged and failure outcomes of each project by looking at: project budgets project costs expected functionality delivered and other CHAOS IT Project Factors Boston, Massachusetts, 23 April, 2009 - New Standish Group report shows more project failing and less successful projects: "This year's results show a marked decrease in project success rates, with 32% of all projects succeeding which are delivered on time, on budget, with required features and functions" says Jim Johnson, chairman of The Standish Group, "44% were challenged which are late, over budget, and/or with less than the required features and functions and 24% failed which are cancelled prior to completion or delivered and never used." "These numbers represent a downtick in the success rates from the previous study, as well as a significant increase in the number of failures", says Jim Crear, Standish Group CIO, "They are low point in the last five study periods. This year's results represent the highest failure rate in over a decade."
Source: The Standish Group "CHAOS Summary 2009"
Compare these latest findings with previous years:
Standish Findings By Year. Updated for 2009 report.
Below are examples of Standish CHAOS Project factors used for measuring IT projects and Page 1 of 2 |
