Final answer:
When a project starts with a high priority but is canceled due to a shift in its ranking or priority level during its project life cycle, it is an example of a changed priority project closure.
Step-by-step explanation:
Changed Priority
When a project starts with a high priority but is canceled because its rank erodes or crashes during its project life cycle, it is an example of a changed priority project closure. This means that the project's priority level has shifted or been adjusted, leading to its cancellation. It may occur due to various reasons, such as changing market conditions, shifting business goals, or the emergence of more pressing projects.