You should already have a formal mechanism for adding projects to your organization’s portfolio. However, our project management consulting teams have found that some companies don’t follow an established process when a project is removed. It’s common that a project is pulled from the list without a thorough evaluation of the cancelation’s long-term effects. In some cases, firms never completely delete initiatives and instead maintain a broad pool of inactive efforts that linger on indefinitely.

If your stakeholders want to cancel a project, there are some actions you should take before that decision is complete. These six steps

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COO Meaning

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