came in on
THE ECONOMY is making the already dismal
failure rate of IT projects even worse—and it’s
up to project managers to figure out how to turn
those numbers around.
Last year, only 32 percent of IT projects came
in on time, within budget and with the requested
features, according to the Standish Group Chaos
Summary 2009 released in April.
“These results are a downtick from the
last survey,” says Jim Johnson, chairman of
Standish Group, Boston, Massachusetts, USA.
When the company released its survey in
2006, 35 percent of projects hit the mark.
Of the 10,000 projects that were part of the
survey, 24 percent (up from 19 percent) were
considered outright failures, either because they
were cancelled prior to completion or delivered,
but never used.
The results mark a “low point in the last five
study periods,” says Jim Crear, CIO at Standish
Group. “This year’s results represent the highest
failure rate in over a decade.”
To improve the probability of project success,
you need a feedback
loop, but in many cases
companies are too
focused on the next project
to document, analyze
and learn from what
happened on the last one.
pmFAQtory LLC, Chicago,