In the recent book Think Like a Freak, well-known authors Steven D. Levitt and Stephen J. Dubner touch on a difficult topic for those in charge of IT budgets and project development: What if your project fails? In their witty and highly opinionated style, they explain how failure in business isn’t always a bad thing. At times, they explain, it can lead to new realizations about company direction or force you to think about a smarter strategy as you move forward.
Still, for those who manage a large IT organization, cancelled projects can cause great stress. They are complex, expensive and often interconnected. Yet, there are times when a project runs out of funds, there’s a change in company direction, or executives realize the project won’t be as valuable to the organization as everyone hoped. Here are six strategies for how to cancel a major IT project once you decide it’s the only course of action.
Read more at IT World.