GENERAL PROCESS6Canceling Projects

What:

Terminating a troubled project before its scheduled completion.

When:

Project execution and control.

Results:

Minimized time, effort, and money expended on doomed projects, and improved long-term team motivation.

Not every project, no matter how worthy or promising, will end well. When it becomes apparent that a project will not ultimately succeed, canceling it early, in a positive way, has many benefits.

Recognize the Situation

One reason for early termination is insufficient progress toward the project objective. Performance reporting may reveal:

• Schedule delays or execution problems

• Funding or resource consumption that is too high

• Insufficient staff or other resources

• Unachievable ...

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