tag:blogger.com,1999:blog-12858245.post115653140046728938..comments2024-01-09T21:59:59.860-08:00Comments on Will Price: The High Cost of OptimismAnonymoushttp://www.blogger.com/profile/07526077009135142958noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-12858245.post-1156602330821740652006-08-26T07:25:00.000-07:002006-08-26T07:25:00.000-07:00Erp4it (who also writes a great blog) is certainly...Erp4it (who also writes a great blog) is certainly right in questioning the validity of the Standish Group study. <BR/><BR/>However, many other studies have also suggested a high rate of software and implementation project failures. It sure doesn't take a rocket scientist to quickly find examples of troubled projects and screwed-up investments.<BR/><BR/>At the end of the day, I trust my own eyes and ears before placing confidence in so-called experts and their studies.<BR/><BR/>Michael Krigsman<BR/><A HREF="http://projectfailures.com" REL="nofollow">http://projectfailures.com</A>mkrigsmanhttps://www.blogger.com/profile/18353835220572799387noreply@blogger.comtag:blogger.com,1999:blog-12858245.post-1156540154656292892006-08-25T14:09:00.000-07:002006-08-25T14:09:00.000-07:00Of course, asking a prospective investor about too...Of course, asking a prospective investor about tools, systems, and practices is sage advice for any entrepreneur to follow. However, project failure often occurs despite the presence of so-called best practices. <BR/><BR/>Unfortunately, hubris, denial, and poor judgement often trumps good practice -- this is so in both investing and projects. My blog describes many failed projects run by smart, experienced people, in both the public and private sectors.<BR/><BR/>Obviously, there is no simple solution, but we can define certain anti-project-failure personality characteristics. Chief among these is the ability for a person to remain impartial and objective, especially when their own self-interest is at stake. Denial is an element common to almost every project meltdown. Show me a team that does not easily sink into denial, and I will show you success.<BR/><BR/>Michael Krigsman<BR/><A HREF="http://projectfailures.com" REL="nofollow">http://projectfailures.com</A>mkrigsmanhttps://www.blogger.com/profile/18353835220572799387noreply@blogger.comtag:blogger.com,1999:blog-12858245.post-1156538594158997252006-08-25T13:43:00.000-07:002006-08-25T13:43:00.000-07:00First of all, I think your concerns are very valid...First of all, I think your concerns are very valid and your advice prudent, but I would beware of the Standish group numbers if you are planning to use them in any kind of predictive economic analysis. Industry leading figures are beginning to question Standish since their results are not consistent with other research.<BR/><BR/>as quoted by <A HREF="http://erp4it.typepad.com/erp4it/2006/08/quote_of_the_da.html" REL="nofollow"> erp4it</A><BR/><BR/><BR/>"...the Standish Chaos Report could be considered fundamental to most claims of crisis. What do we really know of that study?<BR/><BR/>"The question is of increasing concern to the field. Several researchers, interested in pursuing the origins of this key data, have contacted Standish and asked for a description of their research process, a summary of their latest findings, and in general a scholarly discussion of the validity of those findings. They raise those issues because most research studies conducted by academic and industry researchers arrive at data largely inconsistent with the Standish findings.<BR/><BR/>"Let me say that again. Objective research study findings do not, in general, support the Standish conclusions. "<BR/><BR/>Robert L. Glass, "The Standish Report: Does It Really Describe a Software Crisis?," Communications of the ACM 49:8 (August 2006).Matt McKnighthttps://www.blogger.com/profile/16098483018096096360noreply@blogger.com