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4.6 Close Project or Phase Process | Project Integration Management.
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The Close Project or Phase process is the formal completion of the project, or in multi-phase projects the closure of a phase.
It includes making sure the project is finalized across all processes, and performing administrative closure procedures and contract closure procedures.

This includes archiving project information and artifacts, documenting lessons learned and providing final reports on project performance, including schedule, budget, and risks.

Some activities may begin in this process even before the project as a whole is ready to enter the closing steps. Processes here are performed by the project manager, project management team, vendors, and the performing organization's management, as applicable.

The Close Project procedure is also where the formal acceptance and handover of the final product, service, or result to the customer will take place.

The Close Project process occurs even if the project is canceled or otherwise terminated before fulfilling all its requirements.
When a project is terminated, the project performance and deliverables are evaluated up to that point in time.

The deliverables as they stand at termination are compared against where they were expected to be.

It's also important to document the reasons the project was terminated as these contribute to the knowledge base for future projects.

There are two main components to the Close Project process:
Administrative closure procedure and the contract closure procedure.

The administrative closure procedure details all the requirements of the performing organization and responsibilities for project closure.
This includes making sure that all requirements have been met, including those of stakeholders, the sponsor, organization, and customer.

The contract closure procedure focuses on the requirements and responsibilities to make sure all contracts are properly closed.
It'll contain all activities and responsibilities to make sure all elements of the contract and exit criteria have been met.
The Close Procurements process will also establish contract-specific processes necessary.

Contract documentation is also archived as part of the administrative closure procedure.
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PMP Tutorial ►►
http://whatispmp.com/PM-Tutorial
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An online training program will help you improve your knowledge and skills in project management and prepare you for the next step in your professional development, including certification as a project management professional.

This tutorial covers the following subject matter:

Knowledge areas:
• Project Integration Management.
• Project Scope Management.
• Project Time Management.
• Project Cost Management.
• Project Quality Management.
• Project Human Resource Management.
• Project Communications Management.
• Project Risk Management.
• Project Procurement Management.

Process groups:
• Initiating Processes.
• Planning Processes.
• Executing Processes.
• Monitoring & Controlling Processes.
• Closing Processes.

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Chapter 4: Project Integration Management

4.1 Develop Project Charter Process: http://www.whatispmp.com/develop-proj...

4.2 Develop Project Management Plan Process: http://www.whatispmp.com/develop-proj...

4.3 Direct and Manage Project Execution Process: http://www.whatispmp.com/direct-manag...

4.4 Monitor and Control Project Work Process: http://www.whatispmp.com/monitor-cont...

4.5 Perform Integrated Change Control Process: http://www.whatispmp.com/perform-inte...

4.6 Close Project or Phase Process: http://www.whatispmp.com/close-projec...

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What is PMP,
PMP Training,
PMP Certification,
PMP Exam Preparation,
Project Management Professional Course,

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