Project Termination The decision to continue or close down the project is fundamentally an organizational resource allocation decision. Should the organization commit additional resources to complete the project and realize the project objectives? This is a complex decision. The rationale for closing or proceeding is often based on many cost factors that are primarily subjective and judgmental. It's often difficult to perceive when a project is in trouble (Gray & Larson, 2003, p. 499). The purpose …
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showed last 75 words of 1101 total
…still relevant (Gray & Larson, 2003, p. 499)? It can take some adjustment to realize that some projects will be terminated and it is natural and even healthy for a company. If a company doesn't try some risky projects, they could lose their competitive edge. Nevertheless a company shouldn't expect all their risky projects to succeed. References Gray, L. & Larson, E. (2003). Project Management: The Managerial Process. New York: McGraw-Hill. Awarded 9.5 out of 10 possible points