Describe and rank any three decision rules for terminating an ongoing project before completion
What will be an ideal response?
Answers will vary with students' rankings. The decision rules listed in the text include the following:
When cost exceeds business benefits.
When the project no longer meets strategic fit criteria.
When deadlines continue to be missed.
When technology evolves beyond the project's scope.
The latter may not be a concern in many situations; evolution of technology probably hasn't cancelled a home construction project for a while. Costs exceeding benefits may be critical for smaller firms and extremely large corporations may be less sensitive to cost issues.
Business