4.6 Close Project or Phase
Process Definition
Closing a project or phase is the final steps required for project completion. It involves providing lessons learned, trend/regression analysis, a formal ending to the project and a a release of all assets required for project support.
Figure 52. Project Management Body of Knowledge Figure 4-12. Reprinted from "A Guide to the Project Management Body of Knowledge (PMBOK Guide), 5th Edition" by Project Management Institute, 2013, p. 232. Copyright 2013 by Project Management Institute, Inc. Reprinted without permission.
Process Assessment
Closing the project is a comprehensive review of all project work completed against the project plan. Once all requirements have been satisfied and all objectives are met it is time to end or move the project on to the next phase. If the project at this point is determined to be terminated before completion then proper actions and documentation as well as stakeholder engagement will occur in this process.
(Inputs) Organizational Process Assets
This examples discusses the importance of organizational process assets derived from lessons learned. This example was from PMGT 502 Effective Communications for Managing Projects.
(Tools & Techniques) Analytical Techniques
Analytical techniques used in closing a project include regression analysis and trend analysis to show the final project overview and be used for reference on future projects. This example is from an assignment in MGMT 524 Management
Science showing regression analysis.
This output demonstrates the final transition form project phase to completion phase by presenting the end result. This example is from a group project in PGMT 612 Leading Projects Across Cultural, Corporate, and International Boundaries, that was written by Jeremy Curbey, Khoi ChuChe, Corey Cowley, Reese Darlington, and Domingo Tuckler. It also has an example of a closure checklist that is part of the final product, service, or result transition process from a group project in PMGT 501 Fundamentals of Project Management, written by Jeremy Curbey, Jay Kinser,
and Charles Sutherland.