I have never had a project that I was personally in charge of fail from 1969 to present. The average failure rate for new projects is 14% according to CIO magazine .
Ever found yourself in a state where you are managing multiple projects? If you compare your situation today from about three to five years ago, the chances are that you will see more projects on your plate that need to get done.
Projects, by nature, are to be closed. I am sure you know this. The two authorities made this obvious in their definitions of what project is.