The document discusses the history of software development problems that led to the emergence of software engineering. In the 1940s, software was developed without standardized processes, resulting in poor quality, budget overruns, and unreliable software. This "software crisis" demonstrated the need for software engineering - a systematic and disciplined approach to software development focused on producing high-quality, on-budget products. The document then defines what software and hardware are, compares their failure rates over time, and provides examples of failed software projects to further illustrate the risks of an unengineered approach.
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