Thursday, September 22, 2011

What is Project Termination?

For any project, the contract should have provisions for stopping work before completion.

Termination can be for cause or for convenience:

  • The buyer may terminate a contract for cause if the seller breaches the contract (eg. does not perform).
  • The buyer can terminate the contract because they no longer want the work done.

Termination automatically puts the project into closing process group.

14 comments:

Sarah Ryan said...

You have described the definition about project termination very nicely. Thanks for sharing this information. I am preparing for Project Management PMP and have subscribed the RSS of the
website to get regular updates.

PMGuy said...
This comment has been removed by the author.
PMGuy said...

Thanks for the precise information. This will certainly help people to
pass pmp exam

Reema Kapoor said...
This comment has been removed by the author.
Reema Kapoor said...

thanks for such a good description of project termination.i am PMP Certification Delhi aspirant and want to do PMP.i heard of knowledgewoods.

simplilearn said...

In simple words and in context of PMP Project termination refers to the actions undertaken to terminate a project. Project terminiation may occur because the project is completed or because the project must be terminated prior to completion due to a alck of funds, significant changes in requirements, and so on.

eyeDeaList said...

Thanks. I learned this in PMP Certification Singapore. Doing ICT
now though.

PMP Training chennai said...

Thank you,your information is very useful .PMP Chennai

B. M. Shahrier Majumder, PMP said...

Thanks for your post. http://www.wizardea.com/training/pmp-exam-preparation.html

PMChamp said...

PMP exam prep may not be any different from any other preparation for a professional certification or any other exam, but how are we going to remember all of the different aspects of project management during the exam? Typically, there are some suggested schedules for PMP exam prep but its more effective to set a time self assessed ability to do the preparation. After all, the core things to be covered in the preparation remain the same. It only is a matter of allowing the study materials marinate in one's mind.

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Madhu Chander said...

Nice definition about Project Termination. I have shared this blog post on twitter. http://qsitglobal.com/training-calendar/pmp-preparatory-training-workshops.html

Madhu Chander said...

Nice definition about Project Termination. I have shared this blog post on twitter. http://qsitglobal.com/training-calendar/pmp-preparatory-training-workshops.html

PMGuy said...

PMBOK Guide 5th Edition is released now. Even though new edition of the book is out, PMI is still following the PMBOK Guide 4th edition for the PMP exam until July 31, 2013. All PMP training and study guide providers are in the process of updating their materials for upcoming change. New versions of the PMP 35 Contact Hour Trainings will be available sometime in June. But if you are preparing for the PMP exam now, it is highly recommended that you take it before July 31st using PMBOK Guide 4th Edition. This will give you access to a lot of PMP Exam lessons learned and other study aids.

Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)