The number of IT projects that end in failure is staggering. According to a 2007 study by researcher Market Dynamics, 62% of all IT projects miss their deadlines, 49% go over budget and 41% fail to deliver the benefits that were expected. That is worrying enough for IT departments. But for consultants and software vendors, keenly aware that project failure could well result in litigation, it is a constant concern.
Swabey, Pete. Information Age (2009). Articles>Project Management>Collaboration>Technology