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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Q: 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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