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The Standish Group collects information on project failures in the IT industry and environments with the objective of making the industry more successful and to show ways to improve its success rates and increase the value of the IT investments. The latest results have been compiled into the CHAOS Report 2009 published by the organization in April.
32% - SUCCESSFUL
44% - CHALLENGED
24% - FAILED
Original version of Chaos Report, 1995 - PDF
16% - SUCCESSFUL
31% - CHALLENGED
53% - FAILED
The report shows that software projects now have a 32% success rate compared to 35% from the previous study in 2006 and 16% in 1994. On the other hand, 44% of projects were challenged (late, over budget and/or with less than the required features and functions) while 24% failed (cancelled prior to completion or delivered and never used).
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