When is it time to close or shutdown a failing project?
How should it be accomplished?

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There are sometimes when a project has to be closed or shut down and these times are very difficult to determine when to close or shutdown a project. Some criteria on when to shut down or close down a project might be useful for the project managers. A general criterion would be to evaluate whether the original project statement and goals will be achievable and if the project cannot accomplish these goals, it would be efficient to shut down the project. But this is a general guideline and does not indicate how to determine whether the project would be or would not be able to achieve the project statement. This paper gives out a list of areas/times, when it would be efficient to shut down a failing project. And there are also ways to shut...

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