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Why Did Your Project Fail?
We have been developing software since the 1960s but still have not learned enough to ensure that our software development projects are successful. Boehm suggested that realistic schedule and budgets together with a continuing steam of requirements changes are high risk factors. The Standish Group in 1994 noted that approximately 31% of corporate software development projects were cancelled before completion and 53% were challenged and cost 180% above their original estimate.
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