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How to Close a Project Early

Having to close a project earlier than anticipated can be a big disappointment and source of concern for Project Managers.

On the other hand, premature closure should be considered as a learning opportunity and even a chance to salvage useful products other than those planned.

With this in mind, the PRINCE2 methodology is focused on controlling every aspect of a project, including its closure, and gleaning as much use out of work done as possible.

Closing a project early can become the best course of action in a number of situations, e.g.

If an unforeseen dependency comes into play
If the budget for time or cost goes too far beyond agreed tolerance
If the budget has to be reconsidered due to reasons beyond the project itself (e.g. programme or corporate budget cuts)