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Today software system is an integral part of each and every business model and its failures impair the economic growth and quality of software life. Worldwide, it's very hard to say how many software projects fail or how much money is wasted as a result. Some Information systems projects frequently fail and its reported as being between 50%–80% depending upon the project and study. If you define failure as the total abandonment of a project before or shortly after it is delivered, and if you accept a conservative failure rate of 5 per cent, then billions of dollars are wasted each year on bad software. Very little research has attempted an in-depth investigation of a number of failed projects to identify exactly what are the factors behind the failure. In this research we analyse data from various failed projects. Our results show that all projects we investigated suffered from several failure factors like product manufacturing, banking, health care, insurance, aviation, hospitality, social networking, shopping, e-commerce, education or any other domain. We conclude with suggestions for minimizing the most common failure factors. |
