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.
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15 comments:

  1. Sarah RyanOctober 6, 2011 at 10:45 PM

    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.

    ReplyDelete
  2. PMGuyNovember 7, 2011 at 2:03 AM

    This comment has been removed by the author.

    ReplyDelete
  3. PMGuyNovember 7, 2011 at 2:06 AM

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

    ReplyDelete
  4. Reema KapoorNovember 29, 2011 at 2:34 AM

    This comment has been removed by the author.

    ReplyDelete
  5. Reema KapoorNovember 29, 2011 at 2:36 AM

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

    ReplyDelete
  6. knowledgehutJanuary 4, 2012 at 8:39 AM

    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.

    ReplyDelete
  7. eyeDeaListJanuary 30, 2012 at 12:54 AM

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

    ReplyDelete
  8. B. M. Shahrier Majumder, PMPFebruary 11, 2012 at 10:58 PM

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

    ReplyDelete
  9. VinceMarch 14, 2012 at 7:06 PM

    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.

    ReplyDelete
  10. UnknownJuly 12, 2012 at 10:39 AM

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

    ReplyDelete
  11. UnknownJuly 12, 2012 at 10:43 AM

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

    ReplyDelete
  12. PMGuyMarch 16, 2013 at 12:34 PM

    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.

    ReplyDelete
  13. Sandy KathyJune 17, 2019 at 4:25 AM

    I am a regular reader of your website always read your content which is really helpful for me as well as for my work. Looking for the better future by getting certification Project Management Certification

    ReplyDelete
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    ReplyDelete
  15. Education InteractionMay 13, 2022 at 3:52 AM

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    ReplyDelete