Early Project Termination

Bill Carmody discusses the concept of early project termination, explaining that it occurs when a project is stopped before its natural conclusion due to various reasons such as resource shifts or organizational changes. He outlines the steps to manage this situation, including notifying the team, documenting completed work, and assessing the impact on resources and costs. The project manager's role is to ensure a clean closure, making it possible to reuse resources or apply completed work to other projects. Despite the challenges, early termination is manageable with proper documentation and communication.

What are some reasons a project might be terminated early?

• Exceeding the project budget

• Completion of all project goals

• Resource reallocation or priority changes

• Lack of interest from stakeholders

What is the first step to take when a project is terminated early?

• Start a new project

• Notify the team about the termination

• Ignore the termination and continue

• Allocate more resources

Why is it important to track hours and document progress when a project is terminated early?

• To find faults in the project plan

• To provide a clear record of what was accomplished

• To ensure team members are paid correctly

• To prepare for a project restart

What is a project manager's responsibility when a project is terminated early?

• Decide if the project should be restarted

• Ensure a clean and efficient closure

• Ignore the termination and move on

• Blame the team for the termination

How can early project termination be beneficial?

• It guarantees project success

• It provides an opportunity to reuse resources in other projects

• It eliminates the need for project documentation

• It allows for immediate project restart