Project Termination
All projects have fixed start date and completion date. Project termination is a process that occurs whether a project is successful or not. PMI strongly recommends to follow this process for each project. The major aim is to document the “lessons learned” and store it in the organizational process assets.There are various business, technical and political reasons to terminate a project. In this post I will focus on the different ways to close or terminate a project. They are as follows,
- Extinction
- Addition
- Integration
- Starvation
The following are the possible reasons for which a project may be terminated
by Extinction
- The project has successfully completed scope and the client has accepted it.
- It has been superseded by the external developments like technological advancement, market crisis etc
- It has failed to achieve it’s goal.
- It has no longer support from the Senior Management.
It is also sometimes referred to as “termination by murder“. The important point to notice is that all project activity ceases in this kind of termination.
by Addition
- The project is a major success. It becomes the formal part of the parent organization.
The transition or transfer of the resources such as the project personnel, materials and equipment to the newly created unit within the parent organization.
by Integration
- The project is successfully completed. The project product is integrated to the operations of the client.
This is the most common mode and most complex operation. The resources are released and disturbuted in the parent organization.
by Starvation
- The project is terminated by budget decrement.
- It is also known as withdrawal of “life support”.
The reason of this termination is generally to shadow the failure of non-accomplishment of the goals. This can save face of the senior management and avoid embarrassment.
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