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Completed Projects : A project that has met its completion criteria falls into this
category.
Terminated Projects: A project that was terminated before its completion falls into this
category. A project can be terminated at various stages for various reasons.
Following are some examples:
– The project management plan is not approved for whatever reason
– The project has been executing but you have run out of resources and no more
resources are available
– The project has been cancelled because it was going nowhere
– The project has been indefinitely postponed because there is not a large enough market
for the product it would produce
Understanding Project Closure
The process of closure consists of two kinds of tasks:
– Establish procedures to co-ordinate the activities needed to close the project
– Implement the procedures
There are two aspects of closing a project:
Administrative closure:
– Performing administrative closure of a project includes obtaining final
acceptance for the project deliverables, analyzing the project’s success or
failure, gathering lessons learned, archiving project information and releasing
project resources.
– How will these activities be performed and coordinated, any by whom? For
that, you establish an administrative closure procedure for your project that
will take into account the relevant policies and procedures of the performing
organization
Contract Closure
Contract closure includes settling and closing all the contracts associated with the
project. To carry out and co-ordinate the activities needed for the contract
closure, you define the contract closure procedure
Understanding Project Closure
Close
1. Establish procedures for administrative
Project
closure and contract closure
2. Implement Administrative Closure
Contract
1. Implement Contract Closure
Closure