Summary
Summary Chapter 25 'project close-out' Gower Handbook of Project Management, ISBN: 9781472422965
- Course
- Institution
- Book
Chapter 25 Gower Handbook of Project Management, ISBN: 2965
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Summary of chapter 6 Gower Handbook of Project Management - Agile and Hybrid Project Management
-
Summary of chapter 7 'measuring performance' from the Gower Handbook of project management
-
Summary of the chapter 16 'managing cost and earned value' from Gower Handbook of project management
1 review
By: ddano1995 • 7 months ago
Seller
Follow
RSCHO
Reviews received
Content preview
Summary of the hand of project management | Remco van der Schoot2.7. HOOFDSTUK 25 – PROJECT CLOSE-OUT (P.399-413)
Project closure is the last step in the project life cycle and key points include:
- Time at which the project reaches the closing process
- Time at which the project is closed formally
- Activities that should be conducted during the project closing process
- The main outputs of the closing process
2.7.1. OVERVIEW OF THE PROJECT CLOSING PROCESS
The project closing process can be divided into three phases:
1. Closing assessment -> is the project ready for closing?
a. Analyzed of the project is ready to be closed and includes the following steps:
i. Analyze whether all project goals and objectives have been achieved or not
ii. Analyze whether all project deliverables are delivered according to the acceptance
criteria
iii. Risk and issues that have not been solved during the project life cycle must be
communicated to the project owner, customer, and user.
iv. Evaluate all the project claims5 and ensure that all of them are documented,
evaluated, responded to, and closed
v. Examine whether the project contracts are closed or ready to close financially, legally,
and technically
2. Closing preparation -> is the project ready for closing legally?
a. The project is closed legally, and the responsibility of the project deliverables are handed on to
the operational team and includes the following steps:
i. Formally hand over all project products
ii. Get customer acceptance and try to get owner, customer, and user satisfaction
iii. Complete all financial transactions and have the major stakeholders agree upon the
payments
iv. All necessary knowledge for the operational period is transferred to the operational
team and that they are ready for the operational period.
1. Is the organization ready for the business, process, structure, or behavior
change?
v. Close the project (main) contract(s) formally and legally
vi. Disband the team
3. Post review project -> evaluate the project; prepare the project end report and prepare the lessons
learned:
a. It is not an obligation, but is effective way for organizations to learn and includes the following
steps:
i. Evaluate project success; assess how successful the project was and what factors
contributed to success
1. Five dimensions of project success: efficiency, impact on team, impact on
customer, business success and preparation for future.
ii. Prepare lessons learned rapport to achieve improvement from the past experiences
iii. Prepare an end of project report
1. Analyses the project performance in distinct categories.
5
For example, if the project contractor sends drawings or other documents to the superintendent for approval,
based on the contract they should evaluate and approve it (or defer it) in 20 working days. But if the
superintendent takes 40 working days to respond and this delay causes an extra direct cost for the contractor,
the contractor can claim extra money for the delay.
P a g i n a 32 | 35
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller RSCHO. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.85. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79271 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now