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Voulgaridou, D., Kirytopoulos, K. and Leopoulos, V. 2008, 'Multicriteria Decision Analysis for Project Termination', Πρακτικά του 20ου Εθνικού Συνεδρίου Ελληνικής Εταιρείας Επιχειρησιακών Ερευνών, ΕΕΕΕ, Σπέτσες 19-21 Ιουνίου, 691-701.

Abstract: A decision to abandon a project seems to be a difficult endeavor as it engages an enormous psychological load for project sponsors and project managers and increases personal and professional insecurities. As a result, organisations not only delay this kind of decisions, but also tend to escalate their commitment and consume additional resources into a failing project. Although the organisational, political and physiological factors concerning the termination of projects have been widely addressed in literature, little research has been done concerning the decision problem itself, in terms of criteria and methods. Based on the above, the aim of this study is to support the decision making when project termination is of question and help project managers and executives understand the problem context and take the right decisions. In this context, the paper proposes a framework, based on a multicriteria decision making method, the Analytic Network Process, which incorporates both qualitative and quantitative criteria. This multicriteria decision making method is used mainly for problem analysis and eases the decision process for the project sponsor who has to answer the "terminate project" question. The paper includes a case study of a troubled ERP implementation project in order to illustrate the proposed approach. The case study question posed is whether the project should be terminated or not. The criteria that have to be taken into consideration are defined and the decision model is constructed. ANP provides the proposed decision according to a set of pairwise comparisons made by the project's decision making team.