Esther Schindler writes "Often, the difference between the success and failure of any IT project is spotting critical early warning signs that the project is in trouble. CIO.com offers a few ways to identify the symptoms, as well as suggestions about what you can do to fix a project gone wrong. ' The original study (which is still sometimes quoted as if it were current) was shocking. In 1994, the researchers found that 31 percent of the IT projects were flat failures. That is, they were abandoned before completion and produced nothing useful. Only about 16 percent of all projects were completely successful: delivering applications on time, within budget and with all the originally specified features. "As of 2006, the absolute failure rate is down to 19 percent," Johnson says. "The success rate is up to 35 percent." The remaining 46 percent are what the Standish Group calls "challenged": projects that didn't meet the criteria for total success but delivered a useful product.'"
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