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    According to a widly qouted report of the Standish Group, an information Technology consulting group, of the more than 8000 IT projects the group sueveyed, only 16% completed successfully- ontime and on budget. The primary reason for the failure was almost always poor project managemnet.
    For large companies, the success rate dropped to 9%. For projects that completed late or over budget, the average compeltion time was 222% of the scheduled time and average cost was 189% of the budgeted cost. An astonished 31% of the projects were cancelled before they were completed.
    • 2013-03-26 08:57:14Z
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