Project closeout and termination is just as important as the initiation and execution phases

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Cornell University *

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3220

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Management

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Nov 24, 2024

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docx

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Project closeout and termination is just as important as the initiation and execution phases. Once the objectives of the project have been met, it is crucial to take the necessary steps to close out the project in an organized and efficient manner. Depending on the size and complexity of the project, this could involve a number of different activities, from wrapping up loose ends to conducting a post-mortem analysis (Pinto, 2019). There are several reasons for termination one of them being starvation that is when the project does not have any more resources to function. In some cases, the project might be terminated abruptly due to integration difficulties or other unforeseen circumstances. Project closeout is important for a number of reasons. First, it allows the organization to learn from the project and apply those lessons to future endeavors (Pinto, 2019). Second, it ensures that all deliverables have been completed and accepted by the customer. Third, it helps to protect the organization from any legal liabilities that might arise from the project. Finally, it allows the organization to release any resources that were dedicated to the project (Pinto, 2019). Discussion There are various reasons as to why most projects end up being terminated due to starvation. The main reason is that the project manager and/or organization did not allocate adequate resources to the project during its planning and execution stage. Projects are often terminated because the project manager and/or organization did not allocate adequate resources to the project during its planning and execution stages. In some cases, projects are also ended prematurely because the objectives of the project have been met and there is no need to continue the project any further (McBride, 2016). Some other reasons for project termination through starvation include; the resources that were allocated to the project are not adequate enough to complete the project successfully, the budget for the project has been exhausted and there is no more money to continue funding the project, and finally, the project has been abandoned by the project manager and/or organization. Ego, power, and politics can play a significant role in the termination of a project through starvation. In some cases, egos can get in the way of a project manager making sound decisions that would benefit the project. For example, a project manager may refuse to allocate adequate resources to a project because they do not want to appear weak or incompetent in front of their
superiors. In other cases, politics can influence the decisions made by a project manager regarding the allocation of resources (Pinto, 2019). For example, a project manager may be reluctant to allocate adequate resources to a project if they know that doing so would upset or anger a powerful individual within the organization. Finally, some project managers may end up terminating a project through starvation because they simply do not have the power to make decisions that would benefit the project (McBride, 2016). In these cases, the project manager may be beholden to their superiors or to other individuals within the organization who have the final say in decisions regarding the allocation of resources. References McBride, M. (2016). Closing your first project. Project Management Basics , 79- 88. https://doi.org/10.1007/978-1-4842-2086-3_6 Pinto, J. K. (2019). Project management: Achieving competitive advantage .
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