Faults in software systems continue to be a major problem. A software fault is a defect that causes software failure in an executable product. Knowing the causes of possible defects as well as identifying general software process areas that may need attention from the initialization of a project could save money, time and work. The possibility of early estimating the potential faultiness of software could help on planning, controlling and executing software development activities [3]. This paper surveys literature review of articles for the past many years in order to explore how various prediction methodologies have been developed during this period in order to take care of the issues related to software defect.