How Much Money Has Been Lost on Software Projects That Keep Replanning and Missing Deadlines
Short term becomes the long term if you keep doing it
“More money has probably been lost by investors holding a stock they really did not want until they could ‘at least come out even’ than from any other single reason. If to these actual losses are added the profits that might have been made through the proper reinvestment of these funds if such reinvestment had been made when the mistake was first realized, the cost of self-indulgence becomes truly tremendous.” — Philip A. Fisher
Software projects regularly underestimate the complexity and effort needed to create software and compound the problem by getting into a spiral of replanning. The actions they take to fix the problem of missed deadlines make the problem worse, and the project takes longer.
Software projects get into a sunk cost problem. They have spent too much money to give up but need to spend more to finish.
