• Companies with poor requirements, on average, spend $2.24 million more per project on strategic projects than those that employ requirements best practices.
• Companies with poor requirements and business analysis capability have three project failures for every one project success.
• Only 32% of companies employ practices that make the likelihood of project success “Probable”. The remaining 68% enter every project with an “Improbable” likelihood of success, even before they begin the project.
• Over 40% of the IT development budget for software, staff and external professional services will be consumed by poor requirements at the average company using average analysts. This requirements premium is avoided by organizations that consistently use best practices in business requirements when completing projects.

Mr. Ellis,

It's a small world; I have just joined IAG and start on Tuesday.

Is your previous paper on explaining importance of requirements to executives also available on the site? I recommend it to all our fellow members as well.

Dave Wright