Final answer:
Project closure due to unforeseen events that are out of the team's control is called premature. In engineering, strict deadlines can lead to such closures, especially when missing a deadline causes significant setbacks like revenue loss or missed market opportunities.
Step-by-step explanation:
When a project is closed down due to circumstances beyond the control of the project team, it is referred to as a premature closure.
This could happen due to various factors such as changes in market demand, loss of funding, or technology advancements rendering the project obsolete. In the context of engineering, where engineers often work on multiple projects with strict deadlines, a missed deadline can have severe repercussions, potentially leading to a premature closure of the project.For instance, failing to complete the design, testing, and manufacture of a new video game controller in time for the critical holiday season could result in significant revenue loss or ceding market advantage to competitors.