Yep.. Many years ago, I said in testimony before a Congressional committee (yeah, I went there):
"Humanity has been developing information technology for half a century. That experience has taught us this unpleasant truth: virtually every information technology project above a certain size or complexity is significantly late and over budget or fails altogether; those that don't fail are often riddled with defects and difficult to enhance. Fred Brooks explored many of the root causes over twenty years ago in The Mythical Man-Month, a classic book that could be regarded as the Bible of information technology because it is universally known, often quoted, occasionally read, and rarely heeded."
Software is hard, and it gets harder the larger the project. Stupid human behavior just compounds the problem.