Only 16% of US software projects are on time within budget

According to the Standish Group, businesses in the United States spend around $250 bln on software development on approximately 200 projects each year. Only 16% of these projects finish on schedule and within budget.

According to the Standish Group, businesses in the United States spend around $250 bln on software development on approximately 200 projects each year. Only 16% of these projects finish on schedule and within budget. Another 31% are cancelled, mainly due to quality problems, for losses of about $81 bln. Another 53% exceed their budgets by an average of 189%, for losses of about $59 bln. Projects reaching completion deliver an average of only 42% of the originally planned features.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
See All
See All