Characteristics of Closing

A few characteristics are common to all projects during the Closing processes. One is that the probability of completing the project is highest during this process and risk is lowest. You've already completed the majority of the work of the project—if not all of the work— so the probability of not finishing the project is very low.

Stakeholders have the least amount of influence during the Closing processes, while project managers have the greatest amount of influence. Costs are significantly lower during this process because the majority of the project work and spending has already occurred. Remember those cost S curves we talked about in the Cost Budgeting process? This is where they taper off as project spending comes to an end.

One last common characteristic of projects during closing is that weak matrix organizations tend to experience the least amount of stress during the Closing processes. This is because, in a weak matrix organization, the functional manager assigns all tasks (project-related tasks as well) so the team members have a job to return to once the project is completed and there's no change in reporting structure.

All projects do eventually come to an end. You'll now examine a few of the reasons for project endings before getting into the Close Project or Phase and Close Procurements processes.

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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