Based on Research Cited in the Textbook,31 Percent of Software

question 47

True/False

Based on research cited in the textbook,31 percent of software projects were canceled before completion and cost an average of 189 percent of their original estimates in more than half the projects.

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Definitions:

Debtor

An individual or organization that owes money to another party, typically as a result of being lent a sum of money or extended credit.

Default

Failure to pay a debt when it is due.

Mortgage

A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Real Property

Land, buildings, and anything permanently attached to them, recognized as real estate or immovable property.