One of the most costly results of poor estimation skills is often the complete cancellation of a project. Cutter Consortium recently examined the extent to which software organizations have abandoned or cancelled projects over the past three years due to significant budget or schedule overruns. This survey effort studied software project estimation at more than 100 software development organizations and was analyzed by Cutter Consortium Senior Consultant E.M. Bennatan. The first area we examined was comparative performance; how are projects estimated today compared to six years ago? We defined success by the ±10% rule: success means hitting the mark within 10%. Organizations were asked: In the past three years, what would you say is the …
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