Greyhound Lines Inc, a US transportation company

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However, history is filled with stories of failed businesses list of switzerland cell phone numbers from entrepreneurs who had big dreams in their hands. There are quite a few web-based application development projects that have failed. In fact (via):

75% of business and IT executives anticipate their software projects will fail.
Less than a third of all projects were completed on time and within budget during the past year.
33% of projects fail due to lack of involvement from senior management.
The failure of an IT project not only has financial consequences for the company, but also has a direct impact on decreasing customer satisfaction, to reducing competitive advantage. Like one story of the Greyhound project failure that became the talk of many people in the 90s.

built a Travel Reservation and Bus Departure System called TRIPS in the early 1990s and spent at least US$ 6 million to build the application. But TRIPS failed miserably when it was installed in 1993, even when Greyhound tried to offer a 50% discount.

To avoid using the system, Greyhound ticket agents were forced to hand-write tickets, and customers had to wait in lines and some even missed their buses. Ridership dropped 12% in a single month. Just weeks after implementing TRIPS, Greyhound was forced to turn it off in some areas while it tried to track down the source of the problem.

The disaster led to a $61.4 million loss for the first half of 1994. Greyhound's CEO and CFO resigned. TRIPS was eventually implemented, but Greyhound never regained its status as a transportation power. (source)

In addition, the results of this study reveal that failure often occurs in projects that have high complexity and short term. There is no guarantee that a particular institution can be free from failure, whether private, government or military institutions. Failure in IT projects is a combination of technical, social and stakeholder character factors . For that, we summarize 4 things that make web-based application development projects fail and how to avoid them.