May 2014 Questions: 1. List and briefly describe the ways projects may be terminated A project can be terminated in one of four ways: Extinction Addition Integration Starvation. Termination by Extinction The end of all activity on a project without extending it in some form, such as by inclusion or integration. Project has successfully completed, or it has failed Natural passing, or “termination by murder” Either way, project substance ceases, but much work needs to be done Administrative
Organizational Termination by Addition The project is a major success. It becomes the formal part of the parent organization.
Transfer of the resources to the newly born division.
Termination by Integration The property, equipment, material, personnel, and functions of the project are distributed among the existing elements of the parent organization. Termination by Starvation Cutting a project’s budget sufficiently to stop progress without actually killing the project (budget decrement)
Resources are taken away
Organization don’t want to invest any more in the
current project 2. What problems may occur if the PM does not have a follow-on project when the current near termination? 3.What are the primary duties of a termination manager? ensure completion of the work ensure that delivery is accomplished ensure that documentation is complete-Final Report billing + sending invoices to the customer redistribute resources to the appropriate places clear project with legal counsel or consultant records 4. On termination of a project, what happens to the information gathered throughout the course of the project?
It is taken into account to improve future projects
5. What is a budget decrement?
A reduction in the amount of funds for an activity.
6. Identify the four reasons for project termination fail A Project Organization Is Not Required Insufficient Support from Senior Management Naming the Wrong Person as Project Manager Poor Planning 7. What does the Project Final Report include? Project performance comments -what was achieved; successes, challenges, failures Administrative performance comments -reports, meetings, project review procedures; HR, financial processes Organizational structure comments -how structure evolved, how it aided/impeded progress Personnel suggestions, possibly a confidential section 8. What factors are considered most important in the decision to terminate a project? 9. What issues should be considered when using the termination-by- integration method? Method in itself has minor problems behind it.