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.
15 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.
Thanks for your post. http://www.wizardea.com/training/pmp-exam-preparation.html
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.
Nice definition about Project Termination. I have shared this blog post on twitter. http://qsitglobal.com/training-calendar/pmp-preparatory-training-workshops.html
Nice definition about Project Termination. I have shared this blog post on twitter. http://qsitglobal.com/training-calendar/pmp-preparatory-training-workshops.html
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.
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
Thank a lot for this post that was very interesting. Keep posting like those amazing posts, this is really awesome :)
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