October 24, 2011, 10:10 AM — The data about software development projects is sobering -- as it has been for decades. Too many projects still end up way over budget and behind schedule.
A Standish Group study of some 10,000 software projects found that 21% of them had failed, meaning they weren't completed or were rejected by the customer.
About 37% of the projects in the study were deemed successful: They came in on time and within budget, and users accepted the result. Another 42% were found to be challenges: They were late, over budget, not meeting users' needs, or all of the above, according to the report issued earlier this year.