Project close-out/termination is a complex process that requires detailed knowledge of the project, business strategy, and market conditions. There are many reasons for a project manager or executive management to consider cancelling or closing out projects. Some reasons are simply the completion of the project deliverables and customer’s acceptance; others may include project failures or repeated changes in the scope, priority, or schedule.
What is a researched failed project and the reason utilized to terminate the project? Was the decision justified? How would you assess the merits of project termination/close out in this specific case?