IT Project Bleeding Cash? Consider Pulling the Plug

Zucchero, Joseph J.
January 2004
Financial Executive;Jan/Feb2004, Vol. 20 Issue 1, p42
Academic Journal
The article offers some signs for determining if a technology project is foundering and might be better off being canceled. The most obvious sign is that people keep coming back for more money. Another obvious sign is that deadlines are continuously being missed. The next sign deals with an aspect of the project that should be taken care of before it even begins, the project charter. This document outlines how the project will be run, if a charter does not exist the author notes this is a sure sign of a runaway project. The final sign that technology project has to be cancelled is people not knowing what tasks they are supposed to be working on. If they are not working according to the project plan, it is a sign that the project is not being managed properly.


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