I worked at a software shop with very high retention rates (like, 30 years, 10 years on average), and the inverse can also be an issue, "I own this product and it's my problem not yours." Having seen both situations, I personally believe that it can also be that a new project comes to exist simply because the old one is too complicated to understand; some things you need to work through in order to get. Someone here on HN said recently, "people forget that the primary job of the software engineer is as a learning agent for the org" or similar, and the more I see, the more I believe it. I used to think it was all about efficient automation, but I'm not so sure anymore.