Jim Johnson (founder of the Standish Group) undertook research on IT project failure. This was in 1994. Jim and his team wanted to find out what was the cause of project failure and find ways to reduce it. By 2006 they had amassed a huge amount of data. In their 1994 report, they found that 84% of projects failed or had challenges. 45% of developed features were never used. 31.1% of projects faced cancellation before they ever got completed. 52% of projects cost 189% of their original estimates.
