4. DISCUSSION
In the current study, the researcher has tried to shed light on the main causes of project delay and cost overrun in software projects. The results revealed that one of the main causes of delays in projects is poor planning (Esteves & Pastor, 2001; Solingen &Berghout, 1999). Scope creep, frequent revisions, and delays in providing the intended software solution can be caused by inadequately stated project scope, ambiguous requirements, and unattainable schedules. Software initiatives may be delayed by a lack of resources, including trained labour, technical infrastructure, and tools. Project progress may be slowed by poor resource allocation, the absence of skilled team members, or reliance on outside sources. Delays can result from setting unrealistic timelines or commitments without taking the project’s complexity (Kakaei, 2022), possible hazards, or dependencies into account. Delays may be caused by complicated technical specifications, technological limitations, or a lack of experience with new technology (Tuape & Ayalew, 2019).
Concerning the effects of project delay and cost overrun in software projects, the results showed that delays and cost overruns lead to higher project expenses. Both the project budget and the organization’s overall financial resources are strained by these challenges. Project delays may cause deadlines to be missed, which could affect the anticipated dates of delivery or deployment. This may lead to unmet company goals, lost market opportunities, or dissatisfied clients. Consistent cost overruns and project delays can damage an organization’s reputation in the marketplace.
In software projects, cost estimation models are essential for preventing delays and cost overruns. These models assist in precisely forecasting and controlling project costs, empowering businesses to decide wisely and take preventative action to reduce risks. Organizations can create budgets that are more realistic and precise by employing these models. Precise budgeting lessens the possibility of cost overruns and the requirement for additional funding by ensuring that sufficient financial resources are allocated to the project (Kakaei, 2022).