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.
The number of failed IT projects ranges in the 60% to 80%. But, what constitute a failed project? Why do they fail? They are IT projects but is it IT’s fault that they failed? There are many theories around and, yes, I will give you mine.