Hit the Kill Switch « Offshored Project Management

A kill switch is a security measure used to shut off a device in an emergency situation.Troubled ProjectIn my previous post on challenged projects, I talked about the symptoms and root causes of challenged projects and how to deal with such projects. One of the options is to “kill” or cancel the project.Unfortunately, not many organizations cancel troubled projects in a timely manner and by the time they realize that the project is doomed, it is too late and the resultant failure has caused way too much damage (monetary, morale, competitive, legal). Two factors consistently affect organisations’ willingness to cancel failing projects: * Cancelling a project is viewed as a sign of failure, and * Many organizations do not have a formal approach to review their portfolio of projects.

Hit the Kill Switch « Offshored Project Management

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