The failure rate of IT projects is a concern for any new project. Unfortunately, this is a valid concern when you consider the failure rate is around 25% across all projects. Small projects are more likely to succeed. However, one in five is still likely to end in failure.
The cost of failure can be substantial. Although the dollar amount for small projects may be less, the impact to the business can still be crippling. It is not uncommon for core business functions to rely on the success of these projects.
Systems have gotten much more complicated and will continue to do so. We have more users, more devices, more data, and more systems to integrate each year. That adds up to more potential points of failure. Thus, it is not likely that the failure numbers will get better. On the other hand, a look into the reasons why projects fail reveals easy fixes. When you distil the most common problems to their essence, the failure details are mistakes that would doom any endeavor.


