Boston, Massachusetts, April 23, 2009 - New Standish Group report shows more project failing and less successful projects.
The Standish Group's just-released report, "CHAOS Summary 2009," "This year's results show a marked decrease in project success rates, with 32% of all projects succeeding which are delivered on time, on budget, with required features and functions" says Jim Johnson, chairman of The Standish Group, "44% were challenged which are late, over budget, and/or with less than the required features and functions and 24% failed which are cancelled prior to completion or delivered and never used."
"These numbers represent a downtick in the success rates from the previous study, as well as a significant increase in the number of failures", says Jim Crear, Standish Group CIO, "They are low point in the last five study periods. This year's results represent the highest failure rate in over a decade"
In the "CHAOS Summary 2009" report The Standish Group has re-examined 10 the CHAOS Success Factors. Each Success factor is supported by one of the Laws of CHAOS. The Standish Group's "CHAOS Summary 2009" report is available free of charge to Standish Group subscribers. Non-subscribers may obtain copies directly from The Standish Group for $99.00 per copy and the offer also includes Jim Johnson's book "My Life is Failure".
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