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How to Close a Project Early

Written by Andy Trainer – Thu 05 Sep 2013

Having to close a project earlier than anticipated can be a big disappointment and source of concern for Project Managers.

On the other hand, premature closure should be considered as a learning opportunity and even a chance to salvage useful products other than those planned.

With this in mind, the PRINCE2 methodology is focused on controlling every aspect of a project, including its closure, and gleaning as much use out of work done as possible.

Closing a project early can become the best course of action in a number of situations, e.g.

  • If an unforeseen dependency comes into play
  • If the budget for time or cost goes too far beyond agreed tolerance
  • If the budget has to be reconsidered due to reasons beyond the project itself (e.g. programme or corporate budget cuts)

 

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