I think the Joel Test is still very applicable in 2014, almost 15 years later. While organizations should be considering doing more than the list states in its brief yes/no questions, the Joel Test serves as a minimum baseline that organizations cannot dismiss or argue with. Therefore, I don't believe the Joel Test needs updating.
However, some worthy, relatively recent elaborations on the Joel Test include:
Being a consultant, I find the Joel Test applicable to new projects I join, rather than applying it to an organization. When leading a project, it is also a good checklist.
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