What do you understand by software crisis, Software Engineering

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Q. What do you understand by Software Crisis?

Ans) Organizations are spending much larger portions of their budget on software. Not only are the software turning out to be more costly than hardware, but they also build a host of other problems to the customers:

software products are difficult to modify and debug, and add new features;
often fail to meet the user requirements;
are far from being reliable;
frequently crash;
use resources non-optimally;
often delivered late.

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