Sample Term Paper
“A project is a temporary endeavor undertaken to create a unique product, service or result” because of strategic consideration such as market demand, organizational need, customer request and /or technological advancement. Temporary implies that the project has a definite beginning and a definite end. (Project Management Institute, 2004, p. 5,7). There are multiple ways in which projects can end, the four common classification found in the literature for project endings are “Addition”, “Starvation”, “Integration” and “Extinction” (Heldman, Baca & Jansen, 2005) (cited in Richman, 2006). Each of these project endings are described in detail below.
Termination by Addition
When projects advance into normal operations and become a new business unit or project line then the project is considered to be terminated due to addition. The assets and resources maybe moved from the project to the business (Heldman, Baca & Jansen, 2005) (cited in Richman, 2006).
An enterprise resource planning (ERP) system integrates all areas of the business. A project would be required to implement such a system for a business. However, once the system is implemented and working for the business a separate business unit would be required for ongoing operations, maintenance, and monitoring of the software. The project would end and be considered terminated due to addition (Heldman, Baca & Jansen, 2005).
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