Premature project closure

Success Problem

What is the premature project closure?

Impact

Premature project closure is project closure before all project objectives were achieved, because the project resources must be released for more important project or because the project goal is no more actual or is impassable due to the changes in the project environmet.

Recommendation

The premature project closure is approved at project decision milestone. It is better to loose some thousands € at this milestone, as millions € after un-successful project continuing. The project manager can prematurely stop the project only with the agreement of the project owner or the project steering committee. The project manager has to do everything possible to save the created values and to minimize the losses from the premature project can-cellation.

Category

• Result orientation