2.6 Explain Why Projects May Close Early Flashcards
Gives the reason why a project may close early ?
No longer aligned to the organisation objective and business strategy
Planned benefits are no longer available
Earlier work results have becomes less favourable as more information is known
When a project is implemented over a long timescale what does a business be doing routinely and why ?
A business will be routinely checking that they have the right strategy in place to deliver the organisation objectives
When an organisations business strategy changes what may that mean for the project ?
The project may no longer be relevant or align with the new strategy
Give an example of when an organisation may change their business strategy and what may that mean for some projects ?
When the business may choose to focous in a new market therefore cancelling projects that are not relevant to that new market
What can happen to a project when there’s a shift in an organisations priorities?
A project that was considered to be top priority may no longer be needed leading to early project closure
If a project exists to bring about planned objectives , what follows ?
Then it follows that as circumstances change overtime not all projects are able to achieve those organisations objectives.
What should happen in situations when overtime some project are not able to bring about planned objectives and why ?
In those situations it is logical to close the project early to divert investment away from a project that is no longer priority to a more useful opportunity
When are project defined and what does it do for a project ?
Projects are defined in the concept phase , justifying the project
What needs to happen as a project develops and what can
As a project develops there is a need to keep checking that the benefits will still be available once the project is delivered
What are the unforeseen circumstances that may prevent a project from delivering the planned benefits ?
Resource require may no longer be available
Stakeholder feedback may indicate that the planned benefits are no longer useful or relevant
Or customers may indicate that they are no longer interested in the product
Changes In business conditions may render the projects planned benefits no longer viable where the project goal
Is to deliver a market leading product but there is chance another organisation can launch a superior product earlier
What evidence can come to light and would highlight ?
Evidence may Come to light highlight that the level of investment required can no kinder generate the value needed
Give and example of evidence that can come to light and highlight that the level of investment required may not generate value needed and explain ?
Unforeseen risk where as more information is gathered new risks mag emerge that were not initially considered
How could unforeseen risk affect a project and lead to early closure ?
They may make it difficult or impossible to achieve the project goals resulting in the project closing early
How can technical issues cause a project to close early ?
Technical issues that were not initially anticipated may arise making it impossible to achieving the project goals
Give an example of a technical issue and it’s affect on a project ?
The project may require a specific software that is no longer available therefore it’s is impossible to deliver the project
A project can be _________ over a long _________ and during this time a business will need to ________ check that they have the right _________ in place to deliver the ____________
Implemented
Timescale
Routinely check
Business strategy
Organisations objectives
Sometimes an organisations __________ changes and the project may ______________ or ________ with the new _________ , for example an organisation may choose to _____________ therefore closing any project that is not _________ to that _________
Business strategy
No not be relevant or align
Strategy
Focus on a new market
Relevant
That new market
There can also be a _____ in an organisations ________ were a project that was once considered _____________ is no longer needed
Shift
Priority
Top priority
Where if a project exist to bring about __________ then it follows that as ____________ change ________ not all projects are able to deliver those ______________ . In This situation it is logical to _______________to divert the _______ away from a project that is no longer priority into a __________
Planned change
Circumstances change overtime
Organisational objectives
Close the project early
Investments
A more useful opportunity
A project benefits is defined during the ________ , _________ the project. As the project develops ___________ to keep checking that the ____________ will still be ________ to the ________ once the project is __________
Concept phase , justifying the project
There is a need
Planned benefits
Available to the business
Delivered
Circumstances outside _________ may change where _________ circumstances may ___________ the project from ___________ the ___________
The project
Unforeseen circumstances
Prevent the project from delivering the planned benefits
Resources required ___________ stakeholder feedback may __________ that the _______ are no longer _________ or _________ customers may ______ that they are no longer _______________ or changes in _________ may render the planned _____________ no longer _______ where the projects ________ is deliver a ______________ but there is a chance that another __________ can ________ a superior product ___
May no longer be available
Indicate
Planned benefits
Useful or relevant
Indicate
Interest in the product
Changes in business conditions may
Render the planned benefits as no longer viable
Goal
Is to deliver a market leading product
But there is a chance that an organisation can launch a superior product earlier
Evidence may ______ highlighting that the ________ of ______________ can no longer __________ the ________ for example ___________.
Come to light
Level of investment required
Generate the value needed
For example unforeseen risks
As more information _____________ new ______ may ________ that were not ________ considered making it _________ or _______ to ______ the __________ or _________ issues that were not _____________ may ______ making it _________ or _________ to achieve the project goals for example the project _______ a ____________ that is no longer ________ therefore making it _______________
Is Gathered
New risks may emerge
Initially considered
Difficult or impossible to achieve the project goals
Technical issues
Initially anticipated may arise
Difficult or impossible for achieve the project goals
May require a specific software
Available therefore making it impossible to deliver the project
