As per an IBM report, “31%of the project get cancelled before they are completed, 53% overrun their cost estimates by an average of 189% and for every 100 projects, there are 94 restarts”.What is the reason for these statistics ?

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Software Engineering quiz on Software Engineering Ethics and life cycle models of software engineering. Software engineering ethics is about making decisions that respect user privacy, promote fairness, and benefit society. It involves adhering to professional codes, navigating ethical dilemmas, and understanding the impact of unethical practices.  Some ethical concerns in software engineering include: Algorithmic bias: AI algorithms can be biased based on the data used to train them, leading to potential discrimination against certain groups Information privacy: Computing infrastructures... Show more

As per an IBM report, “31%of the project get cancelled before they are completed, 53% overrun their cost estimates by an average of 189% and for every 100 projects, there are 94 restarts”.What is the reason for these statistics ?