the Project Termination Process and variety of project termination are discussed. The most prominent is to understand that when to terminate project. factors here in the presentation are discussed.
2. Show-card
• Introduction of Project Termination
• Thevarietiesof Project termination
• When to terminateaproject
• TheTermination Process
• Final Report- Project History
• Afterword
3. Introduction of Project Termination
• A project Termination
– when work on the substance of the project has ceased or
slowed to the point that further progress is no longer
possible
• A Project life
– Each and every project hasabeginning and ending.
• Nature of Problems and cause to:
Nature Cause to
Easily solved Successful completion
Bye-passed Ceased
Lived Delayed / slowed
Ignored Replaced / better alternative
4. Reason of Termination:
– Poor planning and risk
management
– Uncertainty of environment
– Lack of Resources
– Key peopleleft
– Timeand cost
– Lack check and balanceand
involvement
– Corporate merger
– Political
Assassination
– Lack of
management
support
– Lack of customer
support
• Changeof vision and mission
Introduction of Project Termination
5. • Termination by extinction:
– Successful:
• objectivesmet
– Unsuccessful:
• say no to bye
• Better, faster, cheaper and obviousoutputsareavailable
• Clientsbecomeeither happy, angry and frustrated.
• Environment dynamics
•
The Varieties of project termination
6. • Termination by Addition
–Applies to an in-house project
–When the project is successful, it is
institutionalized
–While the project goes away,
project personnel and assets are
transferred to the new business
The Varieties of project termination
7. • Termination by Integration
– Themost common way to terminateaproject
– Theproject comesinto thebusiness
– It isabsorbed into theexisting structure
– That structureabsorbstheassetsof theproject
The Varieties of project termination
8. Aspects of the Transition from Project to Integrated
Operation
• Personnel
• Manufacturing
• Accounting/finance
• Engineering
• Information systems
• Marketing
• Purchasing
• Risk management
The Varieties of project termination
9. • Termination by Starvation:
– Termination by starvation involvesgreatly
reducing thebudget of aproject
– Used when it ispolitically dangerousto cancel a
project
– Bad mannersto enquirethestatusof theproject
The Varieties of project termination
10. 13-10
When to TerminateaProject
• Projectstakeon alifeof their own
• It may beeasy to terminateaproject that isfinished
• But it can bevery difficult to terminateaproject prior
to itscompletion
15. 13-15
TheDecision Process
• Sunk costsarenot relevant to thedecision about
terminating aproject
• Primary concern for project continuanceor
termination iswhether or not theorganization is
willing to invest theestimated timeand cost required
to completetheproject
16. 13-16
TheImplementation Process
• Termination can beorderly or a“hatchet job”
• Planning for implementing an orderly shut down
yieldsbetter results
• Who leadstheshut down project?
• A special termination manager may beused
17. 13-17
Thingsto Do
• Ensuretasksarecompleted
• Notify theclient
• Finish thepaperwork
• Send out final invoicesto theclient
• Redistributeresources
• Clear with legal counsel
• Determinewhat recordsto keep
• Assign support
• Closetheproject books