Question

You are a project manager and have just been informed that due to budget cuts, your project has been cancelled and your team should cease work immediately. The project was doing very well and will likely be restarted at a later time. What is the BEST action to take next?

A See if more money is available from another project
B Ignore the request since your charter has been approved and commits organizational resources to you project
C Release your team to the functional organization, shred most of your documents and ask for a new project
D Formally document why the project was terminated and set up the procedures to transfer finished and unfinished deliverables to others

Answer 1

The best action to take when a project gets cancelled due to budget cuts is to formally document why the project was terminated and set up the procedures to transfer deliverables. This ensures a smooth transition and allows for easy resumption when the project is restarted.

Step-by-step explanation:

The BEST action to take next when a project gets cancelled due to budget cuts is to formally document why the project was terminated and set up the procedures to transfer finished and unfinished deliverables to others. This is important for record-keeping purposes and to ensure a smooth transition when the project is restarted in the future. By documenting the reasons for termination and organizing the transfer of deliverables, you can demonstrate professionalism and accountability. This will also help in resuming the project efficiently when funding becomes available again.