Our previous post looked at how projects have failed over the last 25 years and the minor increase in the success rate from 16% to 29%. That is still abysmally low. What if your project is failing – can it be rescued? Read more

History of Success and Failure 25 years ago just 16.2% of all MIS projects were completed on time and within budget according to something appropriately called the CHAOS report by the Standish Group. 52.7% were late and over budget, and 31.1% were outright cancelled. The top two reasons then were lack of user input/involvement and incomplete requirements. What has changed over 25 years? Standish recently reported an improvement from 16.2% to 29% success rate. Certain projects were as high as 62%. I’ll get to that later. Despite this improvement, that’s awfully low! Success and failure rates in other industries? Let’s look at the Home Redecorating/Remodeling industry with kitchen and bathroom Read more