Software development is a risky endeavor, with many things that can go wrong. At any moment, you may find that your budget or schedule targets have been completely missed and your developers and customers disagree about the scope and functionality of the project. In fact, numerous studies state that up to 60% of projects completely fail or massively exceed their budget. A recent study by McKinsey found that on average, most software projects over $5 million exceed their budget by 45%, turning that $5 million application into a $7+ million application. As responsible software systems developers, we have to constantly ask ourselves – how do we prevent this from happening to our projects? The answer is to reduce risk. Read More…Software development is a risky endeavor, with many things that can go wrong. At any moment, you may find that your budget or schedule targets have been completely missed and your developers and customers disagree about the scope and functionality of the project. In fact, numerous studies state that up to 60% of projects completely fail or massively exceed their budget. A recent study by McKinsey found that on average, most software projects over $5 million exceed their budget by 45%, turning that $5 million application into a $7+ million application. As responsible software systems developers, we have to constantly ask ourselves – how do we prevent this from happening to our projects? The answer is to reduce risk. Read More…