Project Management: Achieving Competitive Advantage, Fifth Edition

Types of Project Termination

1. LO 14.1 Distinguish among the four main forms of project termination.

Although “project closeout” might imply that we are referring to a project that has been successfully completed and requires a systematic closeout methodology, as stated previously, projects can be terminated for a variety of reasons. The four main reasons for project termination are:3

1. Termination by extinction. This process occurs when the project is stopped due to either a successful or an unsuccessful conclusion. In the successful case, the project has been transferred to its intended users and all final phase-out activities are conducted. Whether successful or not, however, during termination the project’s final budget is audited, team members ...