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An Industry Report on Project Success Rates You Should Check Out...

Project success rates can teach us a lot. See what a recent industry report discovered.

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ChaosOne of the most popular reports people use to showcase failure of software development is the Standish’s chaos report.

In 1994, Standish reported a shocking 16 percent project success rate, another 53 percent of the projects were challenged,and 31 percent failed outright.  Even though the new reports from Standish show better numbers still they cause a lot of heartburn to software companies and investors.

However recently J. Laurenz Eveleens and Chris Verhoef  have published a paper in IEEE challenging the numbers stated by Standish report.  The major problems in the Standish report seems to be around the way numbers for the Successful and Challenged projects are gathered.  According to Eveleens and Verhoef, these Standish figures are: 

  “misleading, one-sided, pervert the estimation practice,
and result in meaningless figures

The problem seems to be coming from the way the Successful and Challenged projects are defined.  The definition seems to have loop holes due to which many valid projects are not considered leading to wrong result.

You can read the entire IEEE report here  

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Published at DZone with permission of Venkatesh Krishnamurthy , DZone MVB .

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