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When To Pull The Plug On Your Project

Pull the plug on the project

Recently, an article appeared in our local newspaper reporting the closure of a restaurant just a few months after it opened. The reasons given by the operator were that despite the positive feedback from the guests, the restaurant operation will not be profitable in the foreseeable future. This is due to the general price increase and the associated cost explosion.

Surely this is only one case among many. A project is terminated here because the operator sees no future in the current situation. But when is it time to consider a project a failure and end it? Is it enough that the budget has been used up? Should it only be abandoned when the project goal cannot be achieved?

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Posted by Stefanie Blome on September 22nd, 2022 under Project Management
Tags: project kill quit

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