Closing Out Risks

by Carl Pritchard

What would it take to shut down your project intentionally? What state of nature would be required to actually drive you to formally terminate it? The unfortunate thing is that most project managers don't have an answer for that question, and the organizations that support them don't have the information either. All too often, we don't have a clear definition of an approach, terms, and process to shut down projects, which puts the organization at risk for continuing projects that are no longer profitable or that no longer serve their original intent. Instead, we forge ahead on projects that have strayed from their goals and that represent a drain on organizational resources. Whether it's because of politics, investments, personal interest, or contractual obligation, we plow on with projects that simply don't make sense.

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Closing Out RisksThu Nov 16 08:12:42 CDT 2006