WHEN YOU SHOULD SHUT DOWN A PROJECT

As far as I'm concerned,Managers must focus on a project to a successful conclusion. Knowing when to shut-down a project is an important skill. Stopping large projects is one of the hardest decisions in organisations. Emotions often get in the way of rationality. Following are some of the key reasons which may be considered for shut down a Project such as lack of benefit,high cost, execuation problems and change management problems.

If these problems appear each projects, good manager can take an actions and work things out. As we have noted before, Simply stopping put up a good fight may be quick but stopping halfway through a Project may not be as cut because of the launching and shut down costs.Because good managers go a long way to avoid projects getting out of control. Manager is about having clear goals and outcomes and sticking with them.

Expected or short-term issues may encourage managers to proceed Project. Several times when expected issues happen it sends a signal that things are going as planned. Also,short-term issues appear within plan,but may be a sign that more permanent issues are coming.

A projects closing costs and salvage value can also discourage managers from witdrawing from a Project. Simply stopping put up a good fight may be quick but stopping halfway through a Project may not be as cut because of the kickoff and shut down costs.

It so happens that most executives sometimes prematurely terminate a Project that gives a negative impression,thus making a wrong decision. The crucial point here is ability to decide at the right time,relying on the right experience gained. According to Dr. Edward Rockey said that “Every creative project I’ve produced required courage and a triumph over fear, but some potential accomplishments remain unrealized because of fear of failure, fear of rejection, fear of ridicule, fear of error.”His think argues that who have done big things are those who were not afraid to attempt big things, who were not afraid to risk failure in order to gain success.

To sum up, good managers must know how to stop such failures before they start and proper early set-up can save organisation a great deal of time, not to mention throwing good money after bad.

Written by Do?a Kara?all?k