Unnecessary Software Requirements Cost $86 billion; Geek Gap Costs $100 billion

Setting false deadlines has became as chronic as breaking them, reports WSJ. .In 2006, the North American software industry spent $86 billion on software requirements that were never used, according to Standish Group, a research advisory firm specializing in project measurement.

In the United States, more than half of the technology projects are considered failures. They don't live up to their expectations. They go way over budget, way over time, according to Minda Zetlin, author of The Geek Gap, Why Business and Technology Professionals Don't Understand Each Other, and Why They Need Each Other to Survive

According to The Standish Group in 2004, it costs U.S. businesses $68 billion a year for failed projects. And many of these failed projects could be could be attributed to miscommunication in terms of the scope of the project between technology people and business people.

That number hits $100 billion, if you add the cost of shelf ware, projects that are completed but nobody actually needed them, according to The Standish Group. 

More than a third of all IT projects crash and burn, according to The Standish Group, authors of the well-known CHAOS Report . 

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