How To Finish Projects

Finishing a project is usually associated with completing all the deliverables.  But in the real world there are other flavors of finishing that come when there is no reason or ability to complete all the deliverables or completing them will take too long.

Everyone’s favorite flavor of finishing is when all the deliverables are delivered and sales of the new product are more than anticipated.  Finishing this way is good for your career.  Finish this way if you can.

When most of the deliverables are met, but some of them aren’t met at the levels defined by the specification, the specification can be reduced to match the actual performance and the project can be finished.  This is the right thing to do when the shortfall against the specification is minor and the product will still be well received by customers.  In this case, it makes no sense to hold up the launch for a minor shortfall. There is no shame here.  It’s time to finish and make money.

After working on the project for longer than planned and the deliverables aren’t met, it’s time to finish the project by stopping it.  Though this type of finishing is emotionally difficult, finishing by stopping is far better than continuing to spend resources on a project that will likely never amount to anything.  Think opportunity cost.  If allocating resources to the project won’t translate into customer value and cash, it’s better to finish now so you can allocate the resources to a project that has a better chance of delivering value to you and your customers.

Before a project is started in earnest and the business case doesn’t make sense, or the commercial risk is too high, or the technical risk is too significant, or it’s understaffed, finish the project by not starting it. This is probably the most important type of finishing you can do.  Again, think of opportunity cost.  By finishing early (before starting) resources can start a new project almost immediately and resources were prevented from working on a project that wasn’t going to deliver value.

Just as we choose the right way to start projects and the right way to run them, we must choose the right way to finish them.

Image credit — majiedqasem

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Mike Shipulski Mike Shipulski
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