Closing

All projects end for many reasons. They may last so long that they lose their relevancy to the customer. They may lose their funding. They may have achieved their goal(s). Whatever the reason, it is important to close as efficiently as possible while remaining effective to the very end. It also means learning from the performance so that history does or does not repeat itself on similar projects in the future.

When closing a project, therefore, it is important to perform several actions.

Converting Data into Information Throughout a project, if organized well, it will accumulate data. This data must be converted into information. This information is useful to track performance and identify what did and did not go well. With this information, project managers can determine the overall success or failure of the project. It also enables preparing the lessons learned.

Preparing the Lessons Learned This document captures the key experiences of the project team so that future projects can capitalize on what to do and not to do. The lessons learned should cover business and technical topics.

Releasing People Although keeping an inventory of people to handle contingencies provides a comfort level, it is more efficient to retain only the necessary individuals to complete remaining tasks. Having too many nonproductive people adds unnecessary costs and lowers the productivity of the people with remaining work. It also prevents people from working on other projects that could use their skills.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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