4. You have been the project manager on a large, high-profile, three-year project in a highly projectized organization. You have had a great team that has been together since the beginning. By all key measures, the project was a success. It will be tough to close out the project. Who is the best choice to close out the project and why?

• The company management should step in and take over once the project objective has been delivered so that the PM and team members can start working on the next project.
• The termination manager should close out the project because the large, high-profile project has specific closing procedures that require a level of independence and objectivity.
• The project manager should close out the project because the project manager is closest to the people and will be able to best close out procurement and release project resources.
• The termination manger should always close out a project because it is his or her responsibility to audit the work of the project team.

5. You have been assigned to a project that has struggled. Once on the project, you restored communication and trust. You were also actively involved with the project sponsor to give support and share the right message to team members and stakeholders. Unfortunately, just when the project was performing and hitting its stride, the project sponsor was promoted to a new position overseas and her position would not be filled for several months. As such, support for the project died and so did motivation to make the project a priority. Which type of termination below best describes this scenario?

• Termination-by-neglect
• Termination-by-addition
• Termination-by-extinction
• Termination-by-starvation

6. When COVID-19 first shut down the country and turned the world upside down, it was your job as portfolio manager of a large consumer products company to take swift action and help senior management decide which projects should continue to be funded and which should be eliminated to make room for new projects in response to opportunities and threats presented in the current COVD-19 economy. In this urgent time, which two questions below should you ask first?

1. Which projects are sacred cows? Which projects will likely have the greatest long-term gain?
2. Which projects will drive revenue growth today? Which projects pose the risk to the company if they are terminated?
3. Which project teams are working well together? Which project is most on-time and on-budget?
4. Which projects are closest to completion? Which projects just started?