Creating new software can be ferociously difficult. This is true no matter the size of your organization or the project at hand. Setbacks, misconceptions, scope changes, and budget overruns are just some of the impediments that plague developers.
With so many potential pitfalls, it’s easy to see why in-house software projects have such an abnormally high failure rate. In fact, according to one estimate, “only 34% of projects finish on time and only 42% come in on budget.” Going further, a different study suggests a whopping “70% of the companies polled reported having at least one project failure in the last year.”