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What are the appropriate warnings to incorporate into a project's performance assessment metrics? At what point should a project be canceled?

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What are the appropriate warnings to incorporate into a project's performance assessment metrics? At what point should a project be canceled?

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Appropriate warnings that should be incorporated are:

The project performance assessment metrics should prompty warn about deviations of the project from the original scope/plan, it should point out excessive spending or overbudgeting, should warn about delays as per original ...

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