Thank you .. i was just looking for something like this...

We use 7Edit for this exact purpose. http://7edit.com/home/
 

Its a very common coding issue. I achieve what you are trying to do by this construct

Method DoStuff() As %Status
{
  set tSC = $$$OK

  do {

    set tSC = method_invocation1()
    quit:$$$ISERR(tSC) 

    set tSC = method_invocation2()
    quit:$$$ISERR(tSC)

  } while 0
  quit tSC
}
 

This enables you to exit at the first issue with the relevant status.
The do while loop is just there to act as a 'container' for the code so you can jump out of it with a quit with no arguments, it can be replaced with a try catch block.