Standish Group which was formed in 1985 and it is research advisory organization that focuses primarily on measuring software project performance because any innovation or initiative in this area will result in healthier and more rapid software development.
According to the Standish Group 2015 CHAOS Report showed that out of all 50,000 projects in the study, 71% failed to meet these three criteria: on time, on budget, and with satisfactory results.
The problem is even higher for big projects. Medium-sized projects failed at 91% and large projects at 94%. This 71% failure rate reflects the expected outcome of all project including small, medium, and large.
The results indicate that there is still work to be done around achieving successful outcomes from software development projects. This findings summarizes the outcomes of projects over the last five years using the new definition of success factors which is on time, on budget and with a satisfactory result).
Based on researched data and facts available around, you know that getting things delivered is the key to successful projects because we believe that:
No Delivery = No Result which is nothing but unhappy clients + vendors + everyone involved