A survey of IT experts revealed 43 percent of their organizations had recently killed an IT project. The study, conducted by ISACA, an independent IT governance group, highlighted the top 5 reasons these organizations named for terminating projects prior to completion.

Here’s the list, with my commentary on each issue:

1. Business needs changed: 30%

There are many conditions and situations where a business legitimately changes its requirements after starting a project. If the project no longer provides meaningful value, then it’s best to stop throwing good money after bad.

On the other hand, some organizations deliberately obscure a flawed project requirements process by claiming business needs evolved. Obviously, that’s unhealthy and a true sign of failure.

Read the entire list at TechRepublic.