Why 70% of Software Projects Fail? A Guide for Clients

Why 70% of Software Projects Fail? A Guide for Clients

– by Shashith Sandunil – Tech Lead at Imigap (Pvt) Ltd

70% of all IT projects fail to deliver what was promised to customers, (This is higher than the chance of correctly guessing the next trending TikTok dance). Starting a software project is an exciting journey, but it’s not without its challenges. You may hire a software team, outsource the project, or contact a software company to get the work done for you. Either way, by understanding the common obstacles and how to navigate them, you can ensure a smoother path to success. Here’s a look at five key areas where a little foresight and planning can make a big difference:

 

1. Clarifying Project Goals

 

Lack of clear project goals causes 37% of failures [teamstage]. A Software project without well-defined goals is like a ship adrift at sea. This doesn’t mean, you have to get all the things documented before starting. You should have a plan about what you want and break down that final output into measurable objectives. By doing so, you provide your software team with a clear target, reducing the likelihood of misunderstandings and ensuring that everyone is working towards the same outcome.

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don’t act like you plan, unless you do it

 

2. Managing Changing Requirements:

 

My friend, forget about software, change is a constant in this world. You don’t figure out every requirement before starting a project, So changes are necessary for software to meet the requirements.

However frequent shifts in requirements can lead to confusion and extend timelines. To mitigate this, try to lock down your requirements as early as possible. However, since some changes are inevitable, establish a structured change management process. Plan some extra time and budget for these changes that you need to face on the way. This allows you to assess the impact of each change and make informed decisions, keeping your project on track without compromising its objectives.

 

3. Assuming They Just Know

 

This is like telling your girlfriend about your past ex’s. Your software team may be technically proficient, but they might not be experts in your industry. Don’t assume they’ll automatically understand your specific needs. Instead, provide them with a comprehensive overview of your business environment, including any industry-specific requirements. I would recommend letting your team study who you are and what you do before writing any code lines. This information helps them tailor their solutions to your context, ensuring the end product aligns with your expectations and business objectives.

meh, they should know that bla blaa

 

4. Prioritizing Documentation

 

My college professor once told me: You may have the perfect idea in this world, but it’s useless if you can’t write it on paper.

Without detailed requirement documents, developers are left to make assumptions, which can lead to misinterpretations. Invest time in creating thorough documentation that outlines every aspect of the project. Get the help of a business analyst to ensure nothing is overlooked. With a clear and comprehensive guide, your software team can develop a solution that meets your needs precisely, reducing the need for time-consuming revisions.

 

 

5. Communicating Budget Constraints

 

52.7% of software projects end up costing 189% of their original estimates [zipdo]. Without a clear understanding of your budget, software companies might propose solutions that are beyond your means. Being transparent about your budget from the outset enables your software partner to design a feasible proposal aligned with your financial realities. This approach helps avoid surprises down the line.

 

These are the most 5 areas that you want to look out for when starting a software project. If you are reading this you are not probably an IT expert, but we are here to help you with the challenges in your business. We love to hear your story and where you want your business to go digitally. Click https://calendly.com/imigap to tell us your idea, we’re available for an entire hour to hear it.