SOURCE: The Standish Group

March 03, 2011 10:04 ET

New Standish Group Report Shows More Projects Are Successful and Less Projects Failing

BOSTON, MA--(Marketwire - March 3, 2011) - In the just-released report, "CHAOS Manifesto 2011, The Standish Group's shows" a marked increase in project success rates from 2008 to 2010. These numbers represent an uptick in the success rates from the previous study, as well as a decrease in the number of failures. The low point in the last five study periods was 2004, in which only 28% of the projects were successful. "This year's results represent the highest success rate in the history of the CHAOS Research," says Jim Johnson, chairman of The Standish Group, "We clearly are entering a new understanding of why projects succeed or fail." This understanding is spelled out in the CHAOS Manifesto research report.

"One of the major features of the CHAOS Manifesto is the Size-Complexity Matrix. The Size-Complexity Matrix provides a guideline for categorizing a project in order to assess the risk and effort required for it," says Jim Crear, Standish Group CIO, "For example the Size-Complexity Matrix can be used to decide if an executive sponsor can take on the project or any additional projects. It also could be used to determine the workload of the project manager or to alert management as to the risk of a specific project or portfolio of projects."

In the "CHAOS Manifesto 2011" report The Standish Group has re-examined 10 of the CHAOS Success Factors. Each Success factor is supported by one of the Standish Laws of CHAOS. The Standish Group's "CHAOS Manifesto" comprehensive report is available free of charge to Standish Group subscribers. Non-subscribers may obtain copies directly from The Standish Group for $1,000.00 per copy.

About The Standish Group International, Inc. Since 1985 The Standish Group, the leader in spotting future trends, has been helping end users and vendors of technology solutions prepare for the future. The Standish Group delivers fast, consistent and reliable IT advice built on a solid foundation of primary research. For further information on project studies and other trends, visit our website at:

Get your CHAOS Manifesto 2011 here.

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