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 ...

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