Monday, December 6, 2010

A Complete Guide to Closing Projects

Why ‘Close’?

By definition, a project has a start and an end. So it’s vital that each of those key milestones is properly planned and managed to achieve optimum success. With the project management industry growing rapidly and on a steep learning curve, it’s more important than ever to pay attention to how assignments end. Many organizations don’t manage closures well. It’s usually because they don’t include the process in the initial plan.

Key Elements of Project Closure

There are a number of key elements to project closure. The level of detail and sophistication of each depend on the organization’s size and the assignment’s complexity.
The key actions involved in close-out are:
  • Identify lessons learned
  • Review and document
  • Archive records
  • Recognize outstanding achievement
  • Disburse resources
Read full article by Michael L Young:

Closing projects

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