10 signs that you should give up on your project

BANGALORE, INDIA: Project management is not just about getting projects from beginning to end. It is also about recognizing when to cancel a project, cut your losses and stop wasting time and resources. In my experience, here are the ten most important signs that the project cannot be completed. When I have more than five of those signs on a project, I start seriously thinking about cancelling it.

No one caresThere might have been a lot of enthusiasm about your project at the start, but now priorities have shifted and your project seems to be on the back burner. If you do not have management’s buy-in for your project anymore, it is time to start asking questions. If your product or service is no longer valuable, what is the point of delivering it? It might be better to cancel this project and work on something that means more to your organization or your client.

No end in sight

The project seems to have no end. Its deadline keeps being pushed back – often when resources are removed from your project and affected to other, more important projects. Sometimes, a technical issue bottlenecks the entire project. When a 6-month project is becoming a multi-year endeavor, something is wrong. Maybe people care less and less about the project. Maybe your project team needs help. You should sit down with your project sponsor and explore ways to stop the dates from slipping. If delivery dates are not important to the sponsor or the client, project cost should be a good argument to stop the slippage. Projects with no end cost money with no profit in sight.

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