Explain When Projects Should Be Closed

question 10

Essay

Explain when projects should be closed.

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Definitions:

Clear Objectives

Precisely defined goals that are intended to guide actions and decision-making.

Productivity

The measure of efficiency in which goods and services are produced, often quantified as output per unit of input.

Input/Output

A concept referring to the materials, information, or effort (input) going into a process and the resulting product, services, or results (output) produced.

Output/Input

A ratio that measures the efficiency of production or performance by comparing what is produced (output) to what is consumed or used (input).