Of my 2011 UFO list, I completed (in one form or another), TEN of the twelve projects. For 2012, I am listing all my UFOs:
1. Alligator quilt (from 2011 list)
2. Hawaiian pillow (from 2011 list)
3. Horse quilt (circa 2007)
4. String quilt (started 2011)
5. Orca Bay (started late 2011)
Believe it or not, this is the sum total of my UFOs. I have some fabric “collections” that I bought to do things with, but in my book, it doesn’t become a UFO until you cut something, so any other patterns, books, fat quarter collections I may have are not started. The reason that I do that is that some of those “collections” have been raided having just the right color or pattern for another project. In some cases, I have a pattern and have used all the fabric for something else. In no way could you call that a UFO. So, to me, a sensible rule is to wait until you have it started to call it a UFO.
How about you? Have you taken stock? Do you feel like it helps your productivity, or not?