Interesting facts that i just read
- US spends 250 Billion US $ per year on software Development projects.
- There are 175000 projects per year
- Only 16% of the projects finish on schedule and in budget
- 31% of them are cancelled - due to quality problem causing a loss of around 81 Billion US$
- 53% exceed thier budget by 189% for losses to the tune of 59 Billion US$
- Projects which are completed deliver an avg of only 42% of the originally planned features.