Rates of IT Failure are High
16.2% were “project successful” (software projects that are completed on-time and on-budget among American companies and governments)
52.7% were “project challenged” (they were completed and operational but over-budget, over the time estimate, and offers fewer features and functions than originally scheduled)
31.1% were “project impaired” (canceled)
Source: “Charting the Seas of Information Technology”