The Componentware Revolution

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Executive Summary

Many have serious misconceptions about the capabilities of current software approaches. Based upon surveys of corporate software projects in the United States, the realities of software development are as follows. About one third of all software projects are cancelled. Average projects expend twice as much budget and schedule as initially planned. After delivery, the majority of systems are considered unsuccessful because they have far fewer capabilities than expected. Modifying and extending systems are the most expensive cost drivers and very likely to create new defects. Overall, the outcomes of virtually all application software projects are stovepipe systems, brittle software architectures that under-perform on requirements.

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