Project Management

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Software Project failure rates

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Anonymous
I work for a custom software development and consulting company that employs the Rational Unified Process. In support of this process we often quote a statistic published in around 1995 that states that 70% of software project fail, either by going over budget, delivering late, failing to meet the customer's expectations, or failing to be completed altogether.

Is anyone aware of more recent and up to date statistics regarding software project failure rates?

Thanks!
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