{"id":20144,"date":"2019-11-18T20:26:23","date_gmt":"2019-11-18T17:26:23","guid":{"rendered":"https:\/\/www.ibtdi.com\/?p=20144"},"modified":"2019-11-18T20:26:23","modified_gmt":"2019-11-18T17:26:23","slug":"close-the-project-decision","status":"publish","type":"post","link":"https:\/\/www.ibtdi.com\/en\/close-the-project-decision\/","title":{"rendered":"When Is It Time to Close Your Business?"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/sst5.com\/images\/ch22.png104936014947.png\" alt=\"\u0646\u062a\u064a\u062c\u0629 \u0628\u062d\u062b \u0627\u0644\u0635\u0648\u0631 \u0639\u0646 \u0627\u063a\u0644\u0627\u0642 \u0627\u0644\u0645\u0634\u0631\u0648\u0639\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Everything\u2014beautiful and ugly, successful and unsuccessful\u2014eventually comes to an end. One day, all that remains of the present will be a memory. Closing a project is one<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> of these decisions: a sign of maturity and a clear-eyed understanding of reality, not the opposite.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">The decision to close a project is usually made in one of two situations. The first is when the project fails and can no longer meet its founders\u2019 ambitions, or has not generated <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">the expected profit, or at least the amount that had been planned. The second situation is when the project reaches the height of its success, and has no opportunity to <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">make further progress; it has done everything possible and achieved the greatest possible gains and profits.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">In this situation or another, the right decision may be to move on from one project to another and start thinking about a new product, a new market, and so on. But does anyone<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> ever consider closing a project? In reality, this rarely happens, even though it is obvious that everything changes and eventually comes to an end. It therefore makes sense <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">for those running projects to consider this option and keep it in mind at all times.<\/span><\/p>\n<p>.<\/p>\n<div class=\"code-block code-block-1\" style=\"text-align: center;\">\n<div id=\"spk-wi-3920\" class=\"speakol-widget\"><\/div>\n<\/div>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">Success Criteria:<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u0639\u0646\u062f <a href=\"https:\/\/www.ibtdi.com\/en\/how-to-write-a-simple-but-good-business-plan-for-your-startup\/\">\u0648\u0636\u0639 \u062e\u0637\u0629 \u0645\u0634\u0631\u0648\u0639<\/a> Projects are primarily defined by a set of objectives and goals that must be achieved\u2014the very purpose for which the project was created <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">as well. These objectives are the reason the project exists, and they give rise to what may be called \u201csuccess criteria.\u201d<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Success criteria are a set of general standards and abstract frameworks that we use to assess whether a project has succeeded. If the project completes <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">its task to the highest standard and meets all its success criteria, the best course of action is to close it and move on to a new project.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">We have realized all the benefits, profits, and gains the project can offer\u2014in other words, we have \u201cexhausted its core value.\u201d No further gains are possible, <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">so any effort in this regard would be unproductive and misdirected.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Needless to say, all success criteria should be measurable, and the methods for measuring them should be agreed upon to prevent future conflict among project members <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">during the evaluation process.<\/span><\/p>\n<p>.<\/p>\n<p style=\"text-align: center;\">\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">Detailed planning:<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Companies that clearly understand that one of their projects will eventually come to an end are the same companies that create specific plans for every step along the way, <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">and they are the organizations that follow well-defined frameworks and standards.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">In other words, they know where to step, how to reach their goals, and the best way to maximize the benefits of a given project. Those who can foresee the end <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">of something can chart the best path to that outcome and make the most of the circumstances at hand.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>&nbsp; \u0643\u0644 \u0627\u0644\u0623\u0634\u064a\u0627\u0621 \u0645\u0646\u0647\u0627 \u0627\u0644\u062c\u0645\u064a\u0644 \u0648\u0627\u0644\u0642\u0628\u064a\u062d\u060c \u0627\u0644\u0646\u0627\u062c\u062d \u0648\u0627\u0644\u0641\u0627\u0634\u0644\u060c \u0645\u0622\u0644\u0647\u0627 \u0625\u0644\u0649 \u0627\u0644\u0632\u0648\u0627\u0644\u061b \u0641\u0633\u064a\u0623\u062a\u064a \u064a\u0648\u0645 \u0645\u0646 \u0627\u0644\u0623\u064a\u0627\u0645 \u0648\u0644\u0646 \u064a\u0643\u0648\u0646 \u0645\u0646 \u0627\u0644\u062d\u0627\u0636\u0631 \u0633\u0648\u0649 \u0627\u0644\u0630\u0643\u0631\u0649. \u0648 \u0625\u063a\u0644\u0627\u0642 \u0627\u0644\u0645\u0634\u0631\u0648\u0639 \u0648\u0627\u062d\u062f \u0645\u0646<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":20145,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ibtdi_aa_focus_keyword":"","_ibtdi_aa_secondary_keywords":"","_ibtdi_aa_audience":"","_ibtdi_aa_tone":"","_ibtdi_aa_summary":"","_ibtdi_aa_reviewer_name":"","_ibtdi_aa_reviewer_bio":"","_ibtdi_aa_reviewer_url":"","_ibtdi_aa_reviewed_date":"","_ibtdi_aa_service_id":"","_ibtdi_aa_related_ids":"","_ibtdi_aa_human_reviewed":"","_ibtdi_aa_disable":"","_ibtdi_aa_disable_links":"","_ibtdi_aa_sources":"","_ibtdi_aa_update_notes":"","footnotes":""},"categories":[491],"tags":[20137,20138,2857,2608,2204,1183,20139,9684,20140],"class_list":["post-20144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-491","tag-20137","tag-20138","tag-2857","tag-2608","tag-2204","tag-1183","tag-20139","tag-9684","tag-20140"],"_links":{"self":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/20144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/comments?post=20144"}],"version-history":[{"count":0,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/20144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media\/20145"}],"wp:attachment":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media?parent=20144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/categories?post=20144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/tags?post=20144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}