Have you ever had the opportunity or been in a situation where the project sponsor or the CEO directly asked you whether a particular project needs to be continued and you replied no? What was the reason behind it?
Project & PMO Manager | Research & Enterprise Mentor| GFB HoldingSouth America, Brazil
One specific scenario I've experienced involved projects where initial scoping provided insufficient information, and as the project matured, a comprehensive business case revealed fundamental unfeasibility. Another critical situation occurred in technology development, where rapidly changing market scenarios necessitated project termination. My approach has always been to conduct thorough analysis, to assess whether continuing a project aligns with organizational goals. This often involves detailed evaluations and ensuring that resources are strategically allocated and organizational objectives remain the primary focus.
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1 reply by Bisharah Saeed
Nov 14, 2024 4:04 PM
Bisharah Saeed
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Thanks for your input Francisco! The reason of rapid technology development leading to project termination reminds of what I learned in the PMBOK guide. And I agree that thorough analysis is crucial in these scenarios.
One specific scenario I've experienced involved projects where initial scoping provided insufficient information, and as the project matured, a comprehensive business case revealed fundamental unfeasibility. Another critical situation occurred in technology development, where rapidly changing market scenarios necessitated project termination. My approach has always been to conduct thorough analysis, to assess whether continuing a project aligns with organizational goals. This often involves detailed evaluations and ensuring that resources are strategically allocated and organizational objectives remain the primary focus.
Thanks for your input Francisco! The reason of rapid technology development leading to project termination reminds of what I learned in the PMBOK guide. And I agree that thorough analysis is crucial in these scenarios. Saving Changes...
Kelly CollinsSr Project Manager| Huntington National BankArizona, United States
So true Bisharah Saeed on your assessment of time and money that can be wasted when chasing after goals that just don't add value! Saving Changes...
Not directly, but I saw a similar situation once. A feasibility project that I was a part of proposed certain energy efficiency improvements to a 50-year plant. The implementations of these energy efficiency improvements was a different project that I was not a part of. However, the operator of the plant carried out major maintenance on the plant before these interventions could be implemented.
When the new project started, the team re-did the energy efficiency measurements and found out that there was no need of these interventions anymore. So the project ended.
Not directly, but I saw a similar situation once. A feasibility project that I was a part of proposed certain energy efficiency improvements to a 50-year plant. The implementations of these energy efficiency improvements was a different project that I was not a part of. However, the operator of the plant carried out major maintenance on the plant before these interventions could be implemented.
When the new project started, the team re-did the energy efficiency measurements and found out that there was no need of these interventions anymore. So the project ended.
Thanks for sharing your experience, Huma! Saving Changes...
This situation can occur often. A good strategy is to determine when a project should continue and when a project should be suspended. A project suspended due to unfavorable conditions isn't a failure, rather it is a way to preserve stability.
Control and Monitoring processes are fundamental within Project Management work. Control Activities give metrics that help the Project Manager and Sponsors have an overall project status, facilitating decision-making.
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1 reply by Bisharah Saeed
Dec 14, 2024 6:32 AM
Bisharah Saeed
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Well explained, Veronica! I agree with monitoring because sometimes we need to analyze data over a period of time to predict how it might end which can still save the company time and money.
This situation can occur often. A good strategy is to determine when a project should continue and when a project should be suspended. A project suspended due to unfavorable conditions isn't a failure, rather it is a way to preserve stability.
Control and Monitoring processes are fundamental within Project Management work. Control Activities give metrics that help the Project Manager and Sponsors have an overall project status, facilitating decision-making.
Well explained, Veronica! I agree with monitoring because sometimes we need to analyze data over a period of time to predict how it might end which can still save the company time and money. Saving Changes...
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