Statistics: (1685 Views) (0 Comments) Print Posted: Sunday, February 10, 2008 Categories: Requirements Analysis (BABOK KA), Requirements Management and Communication (BABOK KA)

IAG Consulting’s new Business Analysis Benchmark makes one thing clear: almost 70 percent of companies surveyed set themselves up for both failure and significantly higher cost in their use of poor requirements practices. That failure came at a significant cost: the average $3 million project cost companies using poor requirements practices an average of $5.87 million per project -- a $2.24 million premium.

Author: James E. Powell