How much do software projects fail? It's an interesting question and here are some possible "answers":
- The CHAOS report: https://www.projectsmart.co.uk/white-papers/chaos-report.pdf
- The Ambysoft "2013 IT Project Success Rates Survey Results": http://www.ambysoft.com/surveys/success2013.html
- The final presentation of the latter: http://www.ambysoft.com/downloads/surveys/Success2013.pptx
The latter study, published on Dr. Dobbs (which is now inactive BTW), criticizes the CHAOS report. On any case, a good percentage of projects fail and / or are challenged (they do not meet the on-quality, on-budget, on-schedule initial criteria). Just look at the trailer, I mean, just look at the numbers.