Not every project is destined to survive through the full lifecycle. The portfolio of projects needs regular review and those that no longer align with strategic drivers should be stopped. When they’re blindly allowed to continue they’re burning money or compromising outcomes that could be better achieved elsewhere.
Only 53% of strategic initiatives meet their original goals and business intent. That’s too low. Check what’s sucking investment for little return by asking these 3 questions on a regular basis:
Review project funding regularly
Be willing to stop projects mid-flight
Remove Investment Sucking Initiatives