Save money by canceling more software projects, says survey

"According to the survey, 90% of organizations claimed that their projects were aligned across teams. However, Tempo found that expectations didn't always meet reality: Only 70% of projects delivered a meaningful return on investment, and over 33% of projects were cancelled or stopped early due to misalignment or lack of ROI."

"Companies that deployed scenario planning software had a 17-percentage-point advantage in delivering ROI, according to the survey. Paradoxically, those with more mature planning processes cancelled more projects, Tempo said—not through a failure of planning, but because, the more frequently they review projects, the sooner they can see a project is failing and drop it, with their surviving projects being more profitable on average."

A Tempo survey of 667 project planning leaders reveals a significant gap between perceived and actual project performance. While 90% of organizations claim project alignment across teams, only 70% of projects deliver meaningful ROI, with over 33% cancelled or stopped early due to misalignment or lack of returns. Companies deploying scenario planning software achieve a 17-percentage-point advantage in ROI delivery. Counterintuitively, organizations with more mature planning processes cancel more projects—not due to planning failures, but because frequent reviews enable early identification of failing projects. This ruthless approach results in surviving projects being more profitable on average.

Read at InfoWorld