Did you know that:

• 70% of all pro­ject failu­res are as a result of poor requirements.
• There is a 60% time and cost pre­mium to be paid on pro­jects with poor quali­ty requirements.
• As the pro­jects get more inter­de­part­men­tal and com­plex, the failu­re rate rises.
• It costs 80 times as much to fix defects after deli­ve­ry, than at the spe­ci­fi­ca­tion stage.
• 74 per cent of all com­pa­nies have imma­tu­re requ­ire­ments practices.
• Large sca­le sys­tems pro­ject fail with alar­ming regu­la­ri­ty. A typi­cal pro­ject over-ran its bud­get by 189% and over-ran its sche­du­le by 222%.
• Average pro­ject has abo­ut 30% rework. This means that for eve­ry Kshs 1,000,000, Kshs 300,000 is spent redo­ing some­thing that was tho­ught to be complete.
• The ave­ra­ge com­pa­ny with low requ­ire­ments matu­ri­ty wastes 34% of the organization?s IT deve­lop­ment budget.
• 68% of com­pa­nies sim­ply did not use the neces­sa­ry com­pe­ten­cy in requ­ire­ments disco­ve­ry at the start of the­ir pro­ject to assu­re pro­ject success.

Source: IAG Business Analysis Benchmark, 2008 (za http://​www​.iag​.biz/​r​e​s​o​u​r​c​e​s​/​l​i​b​r​a​r​y​/​b​u​s​i​n​e​s​s​-​a​n​a​l​y​s​i​s​-​b​e​n​c​h​m​a​r​k​.​h​tml)