Financial Costs of Low Success Rates: “… a recent review estimated that a phenomenal US$150 billion per annum was attributable to wastage arising from IT project failures in the Unites States, with a further US$140 billion in the European Union.”
Category: In the news
ERP Systems Issues Plague Woodward
Aerospace and energy system components manufacturer Woodward said its third-quarter profit and revenue had taken a significant hit ($30M) partly due to “ERP system-related issues that have been addressed.”
California Courts Software Impairment
“California scraps massive courts software project after spending hundreds of millions of dollars on the effort, which would have modernized the state’s court system software,” reports ComputerWorld.
US Airforce ERP
“U.S. Air Force pulls plug on ERP project after blowing through $1 billion but failing to create ‘any significant military capability,’ reports ComputerWorld.
Healthcare.gov
“Healthcare.gov website ‘didn’t have a chance in hell’ … failure rate for software development projects is high, particularly large ones like Healthcare.gov,” says Standish Group.
Standish Group
“Of 3,555 projects from 2003 to 2012 that had labor costs of at least $10 million, only 6.4% were successful,” says the Standish Group.