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.
9 comments:
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.
Thanks for the precise information. This will certainly help people to
pass pmp exam
thanks for such a good description of project termination.i am PMP Certification Delhi aspirant and want to do PMP.i heard of knowledgewoods.
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.
Thanks. I learned this in PMP Certification Singapore. Doing ICT
now though.
Thank you,your information is very useful .PMP Chennai
Thanks for your post. http://www.wizardea.com/training/pmp-exam-preparation.html
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