This Expert Explains When You Should Kill Your Project
There's no scientific formula to answer your question that works for all companies. But there might be one that works for you -- and you'll know it because you created it. When you set benchmarks, you give yourself a way to measure progress as you go, rather than winging it. Typically, the simplest first measures of a project's success are time, cost and scope -- and not, I should stress, revenue or profits. (Not yet, at least, because not every initiative spins out cash immediately.) Break it down this way:
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