Podcast
Questions and Answers
One reason why projects end is when the project is completed ______
One reason why projects end is when the project is completed ______
successfully
When a project runs out of ______, it may come to an end due to financial reasons
When a project runs out of ______, it may come to an end due to financial reasons
money
A project may end if there is a ______ change for the organization or if the client changes strategy
A project may end if there is a ______ change for the organization or if the client changes strategy
strategic
Projects may come to an end if they do not meet targets in the ______ gate process
Projects may come to an end if they do not meet targets in the ______ gate process
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When there are unforeseen circumstances externally like natural disasters, projects may come to an end due to ______
When there are unforeseen circumstances externally like natural disasters, projects may come to an end due to ______
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In which termination method does the project become an ongoing program or function of the organization?
In which termination method does the project become an ongoing program or function of the organization?
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What could lead to a sudden and unexpected termination referred to as 'Project Murder'?
What could lead to a sudden and unexpected termination referred to as 'Project Murder'?
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How does Termination by Integration differ from Termination by Addition?
How does Termination by Integration differ from Termination by Addition?
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Which scenario does NOT typically lead to the termination of a project?
Which scenario does NOT typically lead to the termination of a project?
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When does Termination by Extinction occur?
When does Termination by Extinction occur?
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What happens to project personnel and assets in Termination by Addition?
What happens to project personnel and assets in Termination by Addition?
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What is the main difference between termination by addition and termination by integration?
What is the main difference between termination by addition and termination by integration?
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When a manager wants to starve a project, it is usually because:
When a manager wants to starve a project, it is usually because:
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What does termination by starvation involve?
What does termination by starvation involve?
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In project closure, what is included in the close-out plan?
In project closure, what is included in the close-out plan?
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Why might a manager choose to starve a project rather than kill it directly?
Why might a manager choose to starve a project rather than kill it directly?
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What is one reason why a manager might consider terminating a project by starvation instead of immediate closure?
What is one reason why a manager might consider terminating a project by starvation instead of immediate closure?
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Study Notes
Project Termination Methods
- Termination by Starvation: reducing resources allocated to a project, including budget, human resources, and equipment/materials.
- Reasons for Termination by Starvation:
- Politically dangerous to kill a project
- Transitioning key employees/project partners
- Hoping project environment will improve soon
Project Closure
- Close-out Plan: a plan to close the project, addressing tasks, responsibilities, timelines, and delivery.
- Questions to be asked in a Close-out Plan:
- What tasks are required to close the project?
- Who will be responsible for these tasks?
- When will closure begin and end?
- How will the project be delivered?
Types of Project Termination
- Termination by Extinction: project ends due to successful/unsuccessful completion, changes in environment, or taking too long.
- Reasons for Project Extinction:
- Successful completion
- Unsuccessful completion
- Changes in environment
- Taking too long
- Special Case: Project Murder (sudden demise without warning)
- Scenarios for Project Murder:
- Mergers & Acquisitions (redundant/not interested)
- New executive (hired/promoted) may eliminate projects
Termination by Addition
- Applies to in-house projects that become successful and institutionalized as a new formal part of the organization.
- Examples:
- Developing an in-house digital marketing team
- Project team becomes part of the final result
Termination by Integration
- The most common way to terminate a project, where the project is absorbed into the existing operating structure.
- Examples:
- An automotive company develops a new electric vehicle battery technology
Why Projects End
- Reasons for project termination:
- Project completed successfully
- Financial constraints (out of money)
- Strategic change for org (no longer fits) or client changes strategy
- Schedule constraints (ran out of time)
- Bankruptcy of organization
- Unforeseen circumstances (e.g., economic downturn, government regulation, natural disasters)
- Dysfunctional team/lack of company culture
- Poor stakeholder management
- Phase gate process (not meeting targets)
- Legal issues (e.g., patent infringement)
- Executive supporter no longer with organization/in position
- Technical infeasibilities
- Out of resources
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Description
Explore common reasons why projects come to an end, including successful completion, financial constraints, strategic changes, time limitations, organizational bankruptcy, external unforeseen circumstances, dysfunctional teams, and poor stakeholder management.
