Formulating Project Closeout

All good projects must come to an end, as the saying goes. Ideally, you've practiced all the topics I've talked about that have led up to this point, and you've delivered a successful project to the stakeholders and customers. You've also put some of the vital tools of project management into play—planning, executing, controlling, and communicating—to help you reach that goal.

But how do you know when a project has ended successfully? Delivering the product or service of the project doesn't mean it has been completed satisfactorily. Remember back to the opening chapters, I said a project is completed successfully when it meets or exceeds stakeholders' expectations and satisfies the goals of the project. During the Closing processes—Close Project or Phase and Close Procurements—you'll document the acceptance of the product of the project with a formal sign-off and file it with the project records for future reference. The formal sign-off is the way stakeholders indicate that the goals have been met and that the project meets or exceeds their expectations so that the project ends.

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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