Wondering why software projects fail

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The primary cause of software project failure is something that most ignore or skip conveniently. Getting to know the facts right helps any organization cope with the situation in a planned manner. 66-75% of technology projects end up in partial or total failure. While less than 30% were successfully completed on time and on a budget in 2021 (Report by: Standish Group’s Annual CHAOS report, 2020) Let's learn about some common red flags which may indicate that your software project is likely to fail. #software #projectmanagement #failure #softwaredevelopment #utahtechlabs

Software

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Based on the analysis of
50,000 projects globally
0% 25% 50% 75%
Projects Failed
Projects Completed
66-75% of technology projects end up
in partial or total failure.
Report by: Standish Group’s Annual CHAOS report, 2020

www.utahtechlabs.com +1 801-633-9526
While less
than 30% were
successfully
completed on
time and on
budget in 2021
Report by: Standish Group’s Annual CHAOS report, 2020

www.utahtechlabs.com +1 801-633-9526
Primary causes of project
failures
0 10 20 30 40
Change in organization priorities
Change in project objectives
Inaccurate requirements gathering
Inadequate vision or goal
Poor communication
Poorly defined opportunities & ricks
Inaccurate cost estimates
Inadequate sponsor support
Resource dependency
Inaccurate time estimates
Source: PMI

www.utahtechlabs.com +1 801-633-9526
We have selected most
common red flags which
may indicate that your
software project is likely
to fail.

Designing the “perfect”
solution with a very broad
scope frequently leads to
confusion and multi-year
projects with complex
interdependencies.
www.utahtechlabs.com +1 801-633-9526
Over Promising Just to
Close the Deal

The 2021 Project
Management Report
shows that approximately
70% of all project teams
are made of a maximum
of 10 members
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Not Gather the Right
Team From the Start.

www.utahtechlabs.com +1 801-633-9526
While 53% believe that
even more projects will
be carried out by small
informal teams in the
future
Source: WellingtoneThe State of Project Management report, 2021

While one of the main
goals of project
management is to
strive to plan for all
kinds of problems and
outcomes, produce a
solid and viable PM,
and, thus, reduce
expenses.

www.utahtechlabs.com +1 801-633-9526
No Detailed Planning

www.utahtechlabs.com +1 801-633-9526
Poor PM Planning
Results in 11.4% of An
Organization’s
Resources Being Wasted
Source: Paramount, 2022

Furthermore, according
to Finances Online
research, poorly defined
risks and not enough
time dedicated to this
task cause 29% of
project failures
www.utahtechlabs.com +1 801-633-9526

At its core, project
management is all
about communication.
In fact, 67% of projects
fail due to the
undervaluation of
project management
www.utahtechlabs.com +1 801-633-9526
Poor to No
Communication
Source: Paramount, 2022

www.utahtechlabs.com +1 801-633-9526
12 reasons why
software
projects fail
Read the full article

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