Project termination analysis in SMEs: making the right call

Konstantinos Kirytopoulos, Dimitra Voulgaridou, Dimitrios Panopoulos and Vrassidas Leopoulos

International Journal of Management and Decision Making, 2009, vol. 10, issue 1/2, 69-90

Abstract: Abandoning a project is difficult as it engages an enormous psychological load for project managers and team members and increases personal and professional insecurities. Organisations not only delay this kind of decisions, but also escalate their commitment into a failing project. Terminating a failing project with least of problems, releasing valuable resources and investing in higher potential projects are crucial for organisation's prosperity. The aim of this study is to support the decision making when project termination is of question, help project managers and executives understand the problem context and revise their belief about terminating projects. The paper proposes a framework, based on the analytic network process. The study reveals the criteria that have to be taken into consideration in project termination decisions and provides a structured approach in order to help managers make decisions. The paper includes a case study of a troubled ERP implementation project in a SME.

Keywords: project termination; analytical network process; ANP; multicriteria decision analysis; MCDA; information system projects; information systems; SMEs; small and medium-sized enterprises; project failures; ERP implementation; enterprise resource planning; ERP failure. (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=23915 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmdma:v:10:y:2009:i:1/2:p:69-90

Access Statistics for this article

More articles in International Journal of Management and Decision Making from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().