Note: you may abort a Test Cycle that is in "ACTIVE" status.
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Launch a Test Plan issue
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Click the "Gear" icon from a Test Cycle in "ACTIVE" status
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Click "Abort" from "WORKFLOW"
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Once the Test Cycle has been aborted, its status will change to "ABORTED"
[Screenshot - UG0050_Test_Plan_issue_Abort_Test_Cycle]