This website uses cookies to ensure you have the best experience. Learn more

An Overview Of Evaluating And Terminating A Project

1241 words - 5 pages

An Overview of Evaluating and Terminating a Project

The eighth chapter in the textbook takes a look at what goes into evaluating and terminating a project (Mantel 272-290). Evaluation and termination are the final stages of a project. Evaluation of a project looks at “the progress and performance relative to the project’s initial or revised plan” (Mantel 272). This should be done at the end of the project, but it is also important to evaluate the project throughout the project life cycle since it gives management the data needed for decision and control purposes (Mantel 273).
Different methods can be used in the evaluation; however, the major criteria used in evaluation should center on success factors like: efficiency, customer impact and satisfaction, business and direct success, and future potential (Mantel 273-274). The project should also be evaluated based upon the reasons why the project was selected in the first place, contributions to overall business goals, team member goals accomplished, and other factors that contributed to the strengths and weaknesses of the project. The true problem can lie in measuring the evaluation, especially when looking at earned values and expenditures. Therefore, it is important for the team to determine the measurement criteria before the project starts.
One type of evaluation is the project audit which goes beyond just a financial audit. Audits early in the project tend to focus on technical specifications, while the later audits look more at budget and schedule. The audit committee has to build trust with the project team since they might be leery of this review, especially since the audit team has access to all of the project records. The audit group works together to develop a constructive audit report that contains: an introduction, current status, future project status, critical management issues, risk analysis and risk management, and final comments. Overall, the audit report is a professional document focused on finding differences between the plan and current status.
Project termination will eventually happen in any project but the manner of doing so may differ. There are four main types of project termination: extinction, addition, integration, and starvation. Projects are usually terminated based how they are meeting goals and objectives and predetermined factors of success or failure. An increase of project failure can be due to: not needing a project for task completion, lacking support from management, having an inexperienced project manager, and poor planning. Making the call to terminate a project can be very complicated for management and sometimes decisions cannot be based strictly upon facts.
The termination process is similar to a project since a termination manager is named in place of the project manager. The project manager should pave the way to ease the job of the termination manager as project closeout should be documented in the planning phase. Dealing...

Find Another Essay On An Overview of Evaluating and Terminating a Project

An Overview of Japanese Culture and Geography

3300 words - 14 pages Soldiers waiting for the opportunity to have that chance. In conclusion, I have talked about many diverse topics on the ethnicity of Japan. I also mentioned a great number about how their ethnicity is not much distinctive from our own, which I talked about throughout this paper. I only can only anticipate that after reading the culture awareness paper that you have erudite something new. I have also talked about how their ethnicity has predisposed our own and has reached numerous levels of accolades. Japan is an inimitable and distinct ethnicity that is one of the countries is leading our world in education.

An explanation of monopoly, oligopoly, perfect competition, and monopolistic competition - a detailed overview

968 words - 4 pages of a government restriction on monopolistic behaviour is to place a price ceiling on a product. This means that if the company sells its product for an amount greater than the quoted price ceiling, the firm is breaking the law.Oligopoly:An oligopoly is a prime example of imperfect competition. They are the most common type of market structure in Australia, and they involve a few (relatively) large firms with a (relatively) large market share. The

Experiencing, Interpreting, and Evaluating Arthur Miller’s “Death of a Salesman

941 words - 4 pages Death of a Salesman is a play about a man named Willy Loman who is an aging sales man that has difficulty remembering events, as well as distinguishing the present from his memories. Willy has always tried to live up to the “American Dream,” but unfortunately has failed miserably as a salesman and a father. Willy still having high hopes of the dream tries to live his life through his oldest son Biff, who has turned out to be just as big as a

Essay evaluating use of speculators and arbitrageurs to a treasury

1401 words - 6 pages "Essay evaluating use of speculators and arbitrageurs to a treasury"A multinational corporation is a business firm that operates in more than one country. An example of a multinational corporation could be an electronics company producing televisions. They may be designed in the UK, parts bought from Korea, China and Estonia and then assembled in Taiwan. These types of firms move a good bit of financial capital around the world.Financial

An Overview of Landscaping

2795 words - 11 pages Landscaping is a profession that involves a natural environment to look a certain way. This profession relies on gardening, but landscaping also involves the installation of a wall and other features. There are many reasons to practice landscaping from making a place look more inviting or make an area more functional. Landscaping has been around for thousands of years. To show for that is the ancient culture gardens. Landscaping was used for

An overview of MRP

597 words - 2 pages items generate requirements for lower-level components, which are broken down by planning periods (eg, weeks) so that ordering, fabrication, and assembly can be scheduled for timely completion of end items while inventory levels are kept reasonably low.Material requirements planning is as much a philosophy as it is a technique, and as much an approach to scheduling as it is to inventory control.Historically, ordering and scheduling of assembled

An Overview of Terroism

1536 words - 7 pages There are many different forms of terrorism. Lawmakers, security professionals and scholars determine these types. These types differ based on the type of attack agent used or by what the terrorist says that he is protecting. Terrorism is put into groups so that it can be more easily understood and dealt with. One example of terrorism is state terrorism. This is when states use threat of force or force to terrorize citizens to achieve a goal. An

An Overview of Snoring

2372 words - 10 pages causes the phenomenon, and how to tell if your snoring is more than just an annoyance or if it is actually a serious medical problem. Chapter 2 - How Can the Human Body Make Such a Racket? First, we need to look at the body parts that are making all of the noise. Snoring is not usually made with the vocal cords, but snoring relies on the same principle. Air that is moving very fast through a small opening is going to make noise. Unless we

An Overview of Globalization

3286 words - 13 pages study globalization because understanding the contemporary international political economy is an essential part of being an informed citizen. Understanding globalization is a very important part of learning about our human involvement with the environment and society. Our daily experiences at school, work, and home are an integral part of the globalization process. We live in an independent global political economy. The concept of understanding

An overview of Hajj

1337 words - 5 pages Hajj is a holy pilgrimage which all Muslims must try and take at least once in their lives. It is meant to be a journey to get closer to Allah and to help you understand your religion in a more spiritual way.The Hajj is described as "an inward journey to the Ka'bah of the heart and soul" in one passage of a book, Hajj is also described in a Muslim dictionary as "the fifth pillar of Islam is a pilgrimage to Mecca during the month of Dhu al-Qadah

An Overview of Postmodernism

2754 words - 11 pages to Mexican immigrants, gradually, these groups found an open window towards freedom of expression in arts and literature alongside their fight for social inclusion and acceptance. It is in this background that Postmodernism started taking shape and became a common ground on which practitioners from all social domains would produce their work. There are many voices debating the meanings of postmodernism, discussing its validity or simply denying

Similar Essays

Project Auditing Is Evaluating The Stages During The Life Cycle Of A Project

1129 words - 5 pages Project auditing is designed to conduct an evaluation at a number of stages during the life cycle of the project. Even though a project will be evaluated at the end as part of the post control, an audit will help identify if the processes are being followed and are the resources and revenue being utilized throughout the project. A project audit can be a formal or less than formal investigation in any area of the project. Purposes are generated

Overview Of Cyc Project Essay

2107 words - 8 pages Overview of CYC Abstract The CYC project is the first serious attempt to build a base of human consensus knowledge -- to encode common sense. The CYC system is intended to provide a "deep" layer of understanding that can eventually be used by other programs to make them more flexible and less "brittle". This paper discusses of the motivations behind the encoding of common sense, provides an overview of the CYC system and touches on some

An Overview Of Counseling And Psychotherapy

1297 words - 5 pages An Overview of Counseling and Psychotherapy I. Title Overview of Counseling and Psychotherapy II. Definition Psychotherapy is the treatment of individuals with emotional problems, behavioral problems, or mental illness primarily through verbal communication. At one time the term psychotherapy referred to a form of psychiatric treatment used with severely disturbed individuals. Counseling, on the other hand, refers to the

An Overview Of Web Development And Design

1572 words - 6 pages An Overview of Web Development and Design According to World Wide Web pioneer Timothy Berners-Lee, the World Wide Web's initial purpose was to provide "an interactive world of shared information through which people could communicate with each other and with machines" (1996: p 1). Originally developed at the European Center of Nuclear Energy (CERN) in Geneva, Switzerland, the Web emerged in 1989 as a way for Dr. Berners-Lee and some of his