BUSI 682: Project Analysis
BUSI 682-The Project Exit Story
Cc von
Liberty University
Dr. David G. Duby
April 6, 2014
Key Concept and Why You Are Interested In It
How do you know when it is time to exit a project? What performance measures do
project leaders use to make the decision? Or do project managers go with your instincts? What is
the process use to put a project out of everyone 's misery? These questions project managers must
convey to upper management when telling the project exit story. According to Moran and
Youngdahl (2008), telling the project exit story may actually take more courage than any other
aspect of project leadership (p.83). The reason for researching this topic is to find out why …show more content…
It causes
frustration for those stakeholders who sincerely believed and in most cases still believe that the
project could produce the results they expected, or still expect. It is terrible a project must early,
but good reasons exist for exiting projects early before they are finished. Not all stem from poor
management.
Projects that ended early produced important knowledge gains; involved integrated
planning for research, development, and business activities that may have some benefit to
participating companies, and entailed substantive cross disciplinary contact among scientists and
other researchers, cross-talk among technical and business staff, and negotiations among
executives at different companies. Prior studies suggest that timely loss recognition in accounting
earnings enables lenders, shareholders, and boards of directors in identifying unprofitable projects;
thereby, enabling them to force managers to discontinue such projects before large value erosion
occurs (Srivastava, Tse, Sunder, 2010). Project failure is likely to generate a negative
Cc von
Liberty University
Dr. David G. Duby
April 6, 2014
Key Concept and Why You Are Interested In It
How do you know when it is time to exit a project? What performance measures do
project leaders use to make the decision? Or do project managers go with your instincts? What is
the process use to put a project out of everyone 's misery? These questions project managers must
convey to upper management when telling the project exit story. According to Moran and
Youngdahl (2008), telling the project exit story may actually take more courage than any other
aspect of project leadership (p.83). The reason for researching this topic is to find out why …show more content…
It causes
frustration for those stakeholders who sincerely believed and in most cases still believe that the
project could produce the results they expected, or still expect. It is terrible a project must early,
but good reasons exist for exiting projects early before they are finished. Not all stem from poor
management.
Projects that ended early produced important knowledge gains; involved integrated
planning for research, development, and business activities that may have some benefit to
participating companies, and entailed substantive cross disciplinary contact among scientists and
other researchers, cross-talk among technical and business staff, and negotiations among
executives at different companies. Prior studies suggest that timely loss recognition in accounting
earnings enables lenders, shareholders, and boards of directors in identifying unprofitable projects;
thereby, enabling them to force managers to discontinue such projects before large value erosion
occurs (Srivastava, Tse, Sunder, 2010). Project failure is likely to generate a negative