Cancel a project and save your career

Some projects may need to be cancelled because:

• Business objectives cannot be met
• Technology design cannot be implemented
• Competition has already captured the market
• Adequate staff are not available

Project Managers are reluctant to cancel projects, fearing they will be labeled failures.

Also people will say that the company has already invested substantial funds that will be wasted. This is called the Sunk Cost Syndrome because more funds will be wasted until the project ultimately fails.

Senior executives recognize and reward those with the courage to cancel unrealistic, failing projects.

A panel of brave project managers who faced this issue will be willing participants. Each will share an example and then answer questions from the attendees.