08.12.2015 - Custom Web Development Blog

Archive - 08.12.2015

Managing the software development budget

Truthful statistics of cost overruns

There is no secret that the cost overruns go closely with each software development project in the world. The average overrun amounts 40 – 50%. And 70 – 80 % of projects in the industry finish with overrun against the initial estimation.

The IT market is not only that is full of overruns. Big complex projects such as military and construction ones often get their budget over.

F-22 Raptor with the project cost overrun

F-22 Raptor with the project over budget

F-22 Raptor aircraft got over budget (initial $115M against effective $411M per a unit)Read More