The document discusses project management failure and reasons why projects fail. It summarizes findings from the Standish Group that categorize project outcomes as success, challenged, or failure. Consistently, the percentage of projects deemed a failure due to poor project management has been higher than successful projects. Reasons for failure include lack of user involvement, unclear specifications, changing requirements, and lack of management support. While many factors can contribute to project failure, the document concludes that with more experience the field of project management will continue to mature and failure rates may decrease over time.