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by Joel Aufrecht
05:43 AM, 08 Feb 2004
In the United States, we spend more than $250 billion each year on IT application development of approximately 175,000 projects. The average cost of a development project for a large company is $2,322,000; for a medium company, it is $1,331,000; and for a small company, it is $434,000. A great many of these projects will fail. Software development projects are in chaos, and we can no longer imitate the three monkeys -- hear no failures, see no failures, speak no failures.Here's Standish Group's table on the build vs buy decision. Build seems to be the winner. But it was only the fifth most important factor in project success rates. Each factor has been weighted according to itsThe active participation of the bosses, the users, and the manager are much more important than anything else to making a software project succeed. The reason, I'm guessing, is that with those parties involved, any other problem can be overcome, but the inverse is not true.
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