Consider this assignment that you have been asked to evaluate if a project should terminated before its planned completion. Research early termination of projects and post your opinion on ONE of the following questions.
What are three situations that might prompt early termination and why?
What are the minimum activities (at least three) that need to be performed to properly terminate a project early?
Deciding to terminate or close a project before its final completion can be a difficult decision to make however it is projected that 31% of projects terminate early. To ensure the decision is based on logic to terminate, the development of decision matrix taking all impacts into account can assist in this decision.
In 150-200 words discuss the following:
Identify the top five criteria that should be including in a decision matrix.
Develop a decision matrix that utilizes this criteria to continue versus reasons to terminate.