IT industry projects have poor success rate. Statistics presented by Assay, 2008 states that 62% of the IT projects fail before completion. Factors which define project failure are identified as follows : overspent budget, beyond schedule, incomplete functionalities, poor project stakeholder satisfaction, low quality of work, inability to meet business needs, and poor user satisfaction.
The objective of this article is to explore what are the crucial areas to focus on so that the projects can become successful.Read More
Statistics presented by Assay, 2008 states that 62% of the IT projects fail before completion. Hence, one of the biggest challenges in IT development projects is to successfully deliver projects - on time, within budget and with expected functionalities.
According to study presented by Meta Group, 60-80% of project failures can be attributed to poor requirement gathering practices and analysis of the requirements. Small and medium enterprises often struggle with budget allocation for IT projects. This leads to a compromise where business analyst(s) are not included in the team. Developers are given the task to visualize applications and develop it accordingly. However, due to lack of proper training in business analysis, developers fail to ask the right questions to ascertain the complete scope of the project. Also, developers tend to start programming as soon as possible. This leads to a situation where developers are working on application without completely understanding the scope and vision of the project.Read More