Seven Reasons to Give Up the Project

Not all projects are successful.

Options such as stopping or canceling the project are also covered in project management.

The following situations are moments when the project continues to make no sense. What should not be forgotten; The lessons learned from the project should be recorded for future project managers even if the project is closed with failure. In particular, it should be clearly determined under what conditions the project has failed, so that in the future a similar project will have the opportunity to be compared.

1- If there is a Decrease in Interest: Initially, there may have been a great deal of interest and interest in your project, but interest in your project has decreased due to the change in priorities over time. The need for the project should be revised, especially with reduced management support. Competition, market conditions, changing demands of the customer are the reason for questioning the existence of the project after a while.

2- If the End Date of the Project Is Continuously Deferred: The existence of your project should be questioned, especially if your project is constantly postponed due to new projects. It should be seen that something is wrong with the projects that started with a target of 6 months but lasted for years. Even if the end date is not a constraint, the project budget should be evaluated and presented to senior management. Under what conditions the project will be handled should be questioned.

3- Excessive Risks: In some projects, the risks are quite high. The management of risks belongs to all stakeholders. In some companies, the responsibility and management of all risks are left to the project manager and the project manager is held responsible for all negative developments.

4- Conflict in Project Stakeholders: Sometimes project stakeholders cannot agree on a common goal. Power conflicts can hinder the progress of the project. Increasing the number of stakeholders is the most important factor in increasing conflicts. If the interests of the parties do not meet at a common point, the existence of the project should be questioned. In such cases, attention should be paid to the scope of the project. Increasing the project stakeholders may cause the scope to expand, and the objectives to move away from realism.

5- If the Customer Is Not Satisfied: The customer, who does not know what he wants at the beginning or cannot explain it correctly, begins to shape his requests as intermediate products appear. As the requests take shape, the scope of the project will change according to the initial situation. If scope management is done in the project, there is no problem, but if it is not done and every request is included in the project, then the project cannot be expected to be completed.

6- Changes in Project Stakeholders: Any change in stakeholders in a project may cause the project to change shape. Changes in the top management, client or project team can change the support, demands and performance of the team. If the change in the project stakeholders is rapid and high, the management of the project becomes impossible. In such a case, the project manager may request that the project be postponed until it reaches a more stable stakeholder structure, otherwise the time and money spent will be wasted.

7- The Size of the Monetary Amount Deposed: It is considered as indispensable since too much money is spent up to a certain stage in some projects. If there are doubts about the project results, the sunken cost cannot be saved, but the growth of the sunken cost can be prevented.