Project Management

SUMMARY: In this chapter, we discussed the need for project closing and the ways in which a successful or an unsuccessful project can be terminated. We focused on situations under which a project can be closed, the process of closing and preparing a final project report. A successful project can be closed either by extinction or by addition or by integration; whereas an unsuccessful project can be terminated by starvation. A project can be said to be closed successfully only when it has a proper final report in place. A final report contains all the knowledge gained from the processes of the project. Project final report along with the project records is the best source to gain experience from previous projects and improve the way future projects are handled. A final project report contains a section on performance of the project wherein the delivered output is compared with the planned output, a section on the performance or the administration of the project, a section on the organizational structure adopted and ....