Show “Close Project or Phase is the process of finalizing all activities for the project, phase, or contract. The key benefits of this process are the project or phase information is archived, the planned work is completed, and organizational team resources are released to pursue new endeavors. This process is performed once or at predefined points in the project. The inputs, tools and techniques, and outputs of the process are depicted in Figure 4-14” (PMBoK Guide p121). Closing a project is not like switching a computer off. There is still a lot to be done, and a lot that can go wrong. The Close Project or Phase process is another one where the Project Manager takes center stage and will be checking that that all project work is completed and that the project has met its objectives, including work and objectives that were added along the way as the result of approved change requests. Just a reminder here that the type of “phase” mentioned here is a mini-project inside the main project. The activities necessary for the administrative closure of the project or phase include:
We are examining the activities necessary for administrative closure of a project phase. These would also include:
CLOSE PROJECT OR PHASE: INPUTS
CLOSE PROJECT OR PHASE: TOOLS AND TECHNIQUES
CLOSE PROJECT OR PHASE: OUTPUTS
That brings us to the end of the Close Project or Phase. And it’s also the end of the Project Initiation Management module The next module is “Project Scope Management” Please read the corresponding chapter in the PMBoK Guide before watching the video. What happens when there is no project management?Summary The Importance Of Project Management
Without PM, teams and clients are exposed to chaotic management, unclear objectives, a lack of resources, unrealistic planning, high risk, poor quality project deliverables, projects going over budget and delivered late.
Why is closure important in project management?Project closure is important because the process allows you to: Tie Up Loose Ends: You've already delivered project outcomes to the client, but be sure to report all outcomes internally. Make sure all contracts are signed, paid, and finalized, and clean up your files.
What liability can poor closing create?What liability can poor closing create to the organization? As mentioned above, a project that is not properly closed can leave the organization liable to external parties for incomplete payments on contracts, liable to customers for incomplete scope, or liable to regulators for incompliant practices and/or products.
What happens during a project closing?The closing phase of project management is the final phase of the project lifecycle. This is the stage where all deliverables are finalized and formally transferred, and all documentation is signed off, approved, and archived.
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