The Sprint and the ROI
There is a simple, yet powerful idea in Scrum: When every single Sprint has a positive ROI (return on investment) risk management becomes very easy and the need for accurate long term planning diminishes.
When every single Sprint has a positive ROI you can just plan from Sprint to Sprint. When a Sprint planning provides the information that this Sprint would not generate more value for the company than it costs, you just stop the development. You have created something with a positive ROI with the previous Sprint(s) and everything is fine.
Think about it. How cool is that!
Impossible? No. I have seen it working.
Hard to achieve? Of course. You need to resign from traditional project planning and really think about how to create small valuable software increments. And adapting a new perspective is always challenging.
P.S.: One may ask what I mean with ROI. For me a Sprint has a positive ROI when you could just stop after the Sprint and have created a value that is higher than the Sprint costs.