I realize that most project engagements have the funding for the effort locked in from the moment the paperwork is signed and planning starts to get underway. It’s part of your project client’s budget for that year or however many years the project is planned to stretch through. And if it’s an internal project, the same is usually true – lots of planning and budget forecasting has already happened and the money is there to kickoff and execute the project.
However, this is not always true. I have personally found out – the hard way – that this is not always the case and you may not know that until you run into budget problems on the project – even if they are caused by the delivery team. It can be a real concern – and not just with startups and SMBs who are more likely to sometimes be living from corporate paycheck to corporate paycheck. It can happen to the giant projects and the giant customers.
So what happens if the project funding goes away? Can you ever resurrect the project? If that looks like a possibility, how do you then position yourself to be ready to ramp up and restart the project at a later date? If it’s unlikely, then what do you do to leave everything on the best terms possible?
I’ve been through this once on a large project and nearly through this a few other times for various customer or project related reasons. Here are the best steps that I’ve come up with for handling a potential project shut down and leaving things ready to start again should more funding become available in the future and it is still a viable project and need…