|
May 25, 2015 Know When It’s Time to Kill a Project Zombie projects are the ones that fail to fulfill their promise and yet keep shuffling along, sucking up resources. They happen because shutting a project down can be very emotional, and people often struggle to acknowledge when something just doesn't work. To make people view the process more rationally, create clear and simple guidelines for when to continue — or kill — a project. Consider these questions: Is there a real market need? Can we fulfill that need better than competitors? Can we meet our financial objectives? If it's still hard to make a final decision, bring in objective outsiders, such as someone from a different division or even outside the company, to weigh in. You can also help people accept a project's conclusion by emphasizing what was learned along the way. Hold action-after reviews to capture lessons learned, and create a database to store and share them. Adapted from “Zombie Projects: How to Find Them and Kill Them,” by Scott Anthony, David Duncan, and Pontus M.A. Siren. |
FEATURED PRODUCTHBR TOOLS: Return on Investment (ROI) |
FEATURED PRODUCTHBR Guide to Building Your Business Case Ebook + Tools |
Copyright © 2015 Harvard Business School Publishing, an affiliate of Harvard Business School. All rights reserved. Harvard Business Publishing 60 Harvard Way Boston, MA 02163 CUSTOMER SERVICE: 800-545-7685 (US/Canada) 1-617-783-7600 (outside the U.S. and Canada) |
No comments:
Post a Comment