Chapter 8. Project Closing

Terms you'll need to understand:

  • Contract closeout

  • Administrative closure

  • Performance measurement documentation

  • Product documentation

  • Product verification

  • Lessons learned

Techniques and concepts you'll need to master:

  • The closing process steps: inputs, outputs, techniques, relationships, and differences

  • Contract closeout: product verification, administrative closeout, procurement audit, formal acceptance

  • Similarities between contract closeout and administrative closure

  • Contract documentation that should be reviewed during contract closeout

  • The criteria for project closure

  • Benefits of lessons learned and why they are valued by PMI

  • When administrative closure should be performed

  • Methods for ending a contract or project

The fifth and final project management process in the project lifecycle is Project Closing. Project Closing encompasses only two of the 39 PMBOK processes, and only an estimated 7% of the exam questions will focus on this process.

The Project Closing exam questions are straightforward; however, it is very important that you have a thorough understanding of the terms and techniques within this process group. In real life, many projects are closed without following PMI standards. Unfortunately, project managers do not always view closing their projects as an important step, so many of the terms or techniques found on the exam may be foreign to some test-takers. It is imperative that you have a good understanding of PMI's definitions and concepts in this project management process. By focusing on the items in this section, you will be prepared for the exam questions covering the Project Closing process.

PMP Exam Cram 2. Project Management Professional
PMP Exam Cram 2. Project Management Professional
Year: 2003
Pages: 169 © 2008-2017.
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