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Many organizations are reluctant to cancel failing projects because of the negative perceptions associated with quitting before the project is complete. But, according to the 2009 Standish CHAOS Report, 44% of IT projects are being delivered late, over budget and/or with less than the required features. When projects begin to go off course, organizations need to re-evaluate the business case before trying to rescue the project.
Internal Projects Less Likely to be Canceled
One of the main reasons projects are canceled is because of unbudgeted project costs. It is little surprise that internal projects delivered by IT staff within the organization are far less likely to be cancelled than those delivered by external service providers or consultants.