10 me667 chap7 project termination

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1 PROJECT TERMINATION ME751 Chap7 Project Management

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Page 1: 10 me667 chap7 project termination

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PROJECT TERMINATIONME751 Chap7 Project

Management

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Project TerminationTypes of

terminationsHow and why

projects terminateTypical termination

activitiesNeed for a project

history

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All Things Come to an End . . .Termination rarely has much impact on technical

success or failure . . .But a huge impact on other areas

Residual attitudes toward the project (client, senior management, and project team)

Success of subsequent projectsSo it makes sense to plan and execute termination

with care

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When Do Projects Terminate?Upon successful completion, or . . .When the organization is no longer willing to invest

the time and cost required to complete the project, given its current status and expected outcome.

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Most Common Reasons for Projects Termination1. Low probability of technical/commercial

success2. Low profitability/market potential3. Damaging cost growth4. Change in competitive factors/market needs5. Irresolvable technical problems6. Higher priority of competing projects7. Schedule delays

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Close-out Plan: Questions to be AskedWhat tasks are required to close the

project?Who will be responsible for these tasks?When will closure begin and end?How will the project be delivered?

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Four Varieties of Project Termination1. “Termination by extinction”

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

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Four Varieties of Termination2. “Termination by addition”

The project becomes a formal part of the parent organization People, material, facilities transition

3. “Termination by integration”Project assets are distributed to and absorbed by the

parent

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Four Varieties of Termination (cont’d)4. “Termination by starvation”

Withdrawal of “life support”Can save “face,” avoid embarrassment, evade admission

of defeat

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A Design for Project Termination

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Project HistoryOne of the major aims of termination is development

and transmittal of “lessons learned” to future projectsOne way to do that is through a project history

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Contents of a Project History1. Project Performance

What was achieved; successes, challenges, failures2. Administrative Performance

Reports, meetings, project review procedures; HR, financial processes

3. Organization StructureHow structure evolved, how it aided/

impeded progress

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Contents of a Project History4. Project and Administrative Teams

Performance of the project team, recommendations5. Project Management Techniques

Planning, budgeting, scheduling, risk management, etc.: what worked, what didn’t

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What does it do? Who’s involved? What’s the benefit?

• identifies what worked and what didn’t• recommends ways to improve performance on future projects

• project team• key stakeholders

• future projects benefit from documented lessons learned

What to do? What tools do they use?

Who can help?

• request the Project Office to conduct a lessons learned session• provide contact information for project team members and key stakeholders

• Lessons Learned Survey• Project Look-back Agenda• Lessons Learned Report• Lessons Learned – Management Report

• Project Office

Lessons learned session

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Challenges to Meaningful Project HistoriesSince the project history has so much potential

benefit, why is it often done poorly, or not at all?Possible reasons

No one sees it as their jobPM has many other priorities, especially as project winds

downLong duration projects mean many PMs, voluminous

record, little corporate memoryPMs may be more attuned to looking forward than

looking back

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