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This Expert Explains When You Should Kill Your Project

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This story appears in the April 2016 issue of Entrepreneur. Subscribe »

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 , cost and scope -- and not, I should stress, or profits. (Not yet, at least, because not every initiative spins out cash immediately.) Break it down this way:

Jonathon Kambouris

Time

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