Thursday, April 4, 2013

Factors to Consider at Project Termination



Factors to Consider at expulsion Termination

Hey bloody shame how be you doing, Tom says as he norm whollyy does every morning. Mary replies, Im okay. Havent you heard they are done with the xyz project Im going grit to my regular department? Tom looks flabbergasted as he knew the project was coming to an end but did not introduce it was happening so soon. This is a conversation that occurs in more companies across the world and the feeling that Tom has is one that is shared out by many employees throughout these companies. This paper will run into some of the factors that must be considered when deciding when to terminate the project.

How does the project manager know if the project is muster out? Why is the project being terminated? Wideman (2003) states that projects are normally terminated for two basic reasons success or failure. It is up to the senior management and the various departmental managers to foster an environs that helps the project to be a success, but also capture the project to fail if the projects goal no longer fits with the organizations plans for the future. Wideman goes on to state that a project is successful when all of the objectives require been met to the full satisfaction of the customer, all closeout activities have been completed, and all concerned parties officially accept the projects results or products. At which time, various travel should be considered.

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Wideman lists these steps as follows:

  • Finalize all outstanding contracts to vendors, suppliers or customers

  • Transfer any responsibilities necessary

  • Reassign the project team members to other duties

  • Release all remaining resources such as materials

  • Complete final score on the project

  • Document the results and limit recommendations

  • Present/install the governance to the client

Widemans approach is quite simple and straightforward. Finalizing all contracts...

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