{"id":429,"date":"2013-09-06T05:21:46","date_gmt":"2013-09-06T05:21:46","guid":{"rendered":"https:\/\/www.whizlabs.com\/pmblog\/?page_id=429"},"modified":"2021-03-15T08:22:25","modified_gmt":"2021-03-15T08:22:25","slug":"closing","status":"publish","type":"post","link":"https:\/\/www.whizlabs.com\/blog\/closing\/","title":{"rendered":"Closing"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ea7e02;color:#ea7e02\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ea7e02;color:#ea7e02\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.whizlabs.com\/blog\/closing\/#Closing_Process_group\" >Closing Process group<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.whizlabs.com\/blog\/closing\/#Activities_under_closing_process_groups_are\" >Activities under closing process groups are<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.whizlabs.com\/blog\/closing\/#Processes_under_closing_process_group\" >Processes under closing process group:<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.whizlabs.com\/blog\/closing\/#Close_Project_Close_Phase_Process_group\" >Close Project \/ Close Phase Process group<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.whizlabs.com\/blog\/closing\/#Close_Procurement\" >Close Procurement<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Closing_Process_group\"><\/span><span style=\"color: #000080;\">Closing Process group<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>The closing process consists of those processes which performed to conclude all activities across all project management process groups to formally complete the project or phase.<\/p>\n<h1><span class=\"ez-toc-section\" id=\"Activities_under_closing_process_groups_are\"><\/span><span style=\"color: #000080;\">Activities under closing process groups are<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<ul>\n<li>Confirm all project requirements are met<\/li>\n<li>Obtain formal acceptance of product from customer<\/li>\n<li>The end-product is verifies against the agreed scope<\/li>\n<li>Performance reviews of the project including the management of risks and issues, any corrective actions that need to be taken<\/li>\n<li>The\u00a0<a title=\"project management plan\" href=\"http:\/\/www.pm-primer.com\/pmbok-project-management-plan\/\" target=\"_blank\" rel=\"noopener\">project management plan<\/a>\u00a0must be updated to reflect actual results along with any logs or registers including changes, risks, constraints and assumptions.<\/li>\n<li>Project management best practice states that it is best to collect any lessons learned during the project as well as at the end as such lessons may need to be applied to the remainder of the current project.<\/li>\n<li>The main outputs here are final reports which may include lessons learned that needs to be distributed to all appropriate stakeholders.<\/li>\n<\/ul>\n<ul>\n<li>The end-product is delivered according to the customer satisfaction<\/li>\n<li>Handover the complete deliverables to the operations team.<\/li>\n<li>Any contracts have been let must be closed out using be closed procurement process<\/li>\n<li>The records of the project must be updated and the team must be released<\/li>\n<li>Key project documents must be a private and lessons learned need to be updated<\/li>\n<li>Release resource.<\/li>\n<\/ul>\n<h1><span class=\"ez-toc-section\" id=\"Processes_under_closing_process_group\"><\/span><span style=\"color: #000080;\">Processes under closing process group:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2><span class=\"ez-toc-section\" id=\"Close_Project_Close_Phase_Process_group\"><\/span><span style=\"color: #00ccff;\">Close Project \/ Close Phase Process group<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Close project or phase is the process of finalizing all activities across all of the Project Management process groups to formally complete the project or phase.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"top\" width=\"215\">\n<p align=\"center\"><b>Inputs<\/b><\/p>\n<\/td>\n<td valign=\"top\" width=\"180\">\n<p align=\"center\"><b>Tools &amp; Techniques<\/b><\/p>\n<\/td>\n<td valign=\"top\" width=\"288\">\n<p align=\"center\"><b>Outputs<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"215\">\n<ul>\n<li>Project Management plan<\/li>\n<li>Accepted deliverables<\/li>\n<li>Organizational process assets<\/li>\n<\/ul>\n<\/td>\n<td width=\"180\">\n<ul>\n<li>Expert Judgment<\/li>\n<li>Analytical techniques<\/li>\n<li>Meetings<\/li>\n<\/ul>\n<\/td>\n<td width=\"288\">\n<ul>\n<li>Final Product, service, or result transition<\/li>\n<li>Organizational process asset updates.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This process provides lesson learned, formal ending of project work, and the release of organization resources to pursue new project \/ endeavors. Project manager needs to review all the documents related to project before closing of project to ensure that the project has met the objectives. All the project scope needs to measure against the project management plan.\u00a0 The process of investigation needs to performed in case of project is terminated before completion. All these activities can be successfully achieved by engaging proper stakeholders in the process.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Close_Procurement\"><\/span><span style=\"color: #00ccff;\">Close Procurement<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Close procurement is the process of completing each procurement stage. \u00a0This process documents agreements and related documentation for future reference.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"top\" width=\"185\">\n<p align=\"center\"><b>Inputs<\/b><\/p>\n<\/td>\n<td valign=\"top\" width=\"210\">\n<p align=\"center\"><b>Tools &amp; Techniques<\/b><\/p>\n<\/td>\n<td valign=\"top\" width=\"288\">\n<p align=\"center\"><b>Outputs<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"185\">\n<ul>\n<li>Project Management Plan<\/li>\n<li>Procurement documents<\/li>\n<\/ul>\n<\/td>\n<td width=\"210\">\n<ul>\n<li>Procurement Audit<\/li>\n<li>Procurement negotiation<\/li>\n<li>Records management system<\/li>\n<\/ul>\n<\/td>\n<td width=\"288\">\n<ul>\n<li>Closed procurements<\/li>\n<li>Organizational process asset updates<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This process involves activities like Finalizing open claims, records updating and archiving information for future use. In case of termination of project procurement closure that can result from a mutual agreement by both parties. Additionally, it is important that all documents regarding change orders and other related details are organized and delivered with any other reports regarding the final product. When closing out a project, it is important to make a good record of any changes in procedure that might be helpful in any of your future projects. Keeping good personal records on projects can help identify areas where advanced training, or professional mentoring might bolster already strong project management skills.<\/p>\n<p><span style=\"color: #000080;\"><strong>Questions &amp; Answers<\/strong><\/span><\/p>\n<ol>\n<li>Armed with the project information, the project manager can document, confirm, and close the project or phase. The end result of the project or phase includes the sum of the documentation of the project should be organized, structured, and indexed for fast and accurate reference. Which of the following does this refer to?\n<ul type=\"A\">\n<li>Project archives<\/li>\n<li>Procurement issues<\/li>\n<li>Project closure<\/li>\n<li>Lessons Learned<\/li>\n<\/ul>\n<p>Correct Answer: A<\/li>\n<li>Which of the following BEST describe formal acceptance of a project?\n<ul type=\"A\">\n<li>Substantial Component<\/li>\n<li>Customer sign-off of the product is documented<\/li>\n<li>Final Payment is made<\/li>\n<li>Final Deliverables are sent to customer.<\/li>\n<\/ul>\n<p>Correct Answer: B<\/li>\n<li>Which of the following is a common problem in the Close project or Phase process?\n<ul type=\"A\">\n<li>Retaining resources to complete the project<\/li>\n<li>Completing the quality assurance plan<\/li>\n<li>Obtaining scope verification<\/li>\n<li>Completing a project charter.<\/li>\n<\/ul>\n<p>Correct Answer: A<\/li>\n<li>The project is completed and the final deliverables has been sent to customer, but the customer refuses to give final acceptance of the project. It is MOST important for the project manager to:\n<ul type=\"A\">\n<li>Inform management of the situation<\/li>\n<li>Ask the team for assistance.<\/li>\n<li>Document the situation<\/li>\n<li>Initiate legal proceedings.<\/li>\n<\/ul>\n<p>Correct Answer: C<\/li>\n<li>Close procurements is different from close project in that close procurements.\n<ul type=\"A\">\n<li>Occurs before close project<\/li>\n<li>Is the only one to involve the customer<\/li>\n<li>Includes the return of the property.<\/li>\n<li>May be done more than one for each contract.<\/li>\n<\/ul>\n<p>Correct Answer: A<\/li>\n<li>You have just started administrating a contract when management decides to terminate the contract. What should you do first?\n<ul type=\"A\">\n<li>Go back to plan procurements process<\/li>\n<li>Go back to conduct procurements process<\/li>\n<li>Finish the administer procurements process<\/li>\n<li>Go to the close procurements process.<\/li>\n<\/ul>\n<p>Correct Answer: D<\/li>\n<li>Which of the following would be the MOST appropriate things to do during the closing process group?\n<ul type=\"A\">\n<li>Work with the customer to determine acceptance criteria<\/li>\n<li>Collect historical information from previous projects<\/li>\n<li>Collect all the requirements in the project have been met<\/li>\n<li>Gain formal approval of the management plan<\/li>\n<\/ul>\n<p>Correct Answer: C<\/li>\n<li>Which of the following best describes when a project phase is generally concluded?\n<ul type=\"A\">\n<li>When the work is done<\/li>\n<li>When the deliverables are accepted<\/li>\n<li>When the work for the next phase is ready to start<\/li>\n<li>When it is scheduled in the milestone schedule<\/li>\n<\/ul>\n<p>Correct Answer: B<\/li>\n<li>The customer on a project tells the project manager he has run out of the money to pay for the project. What should be the project manager do FIRST?\n<ul type=\"A\">\n<li>Shift more of the work to later in the schedule to allow time for the customer to get the funds<\/li>\n<li>Enter project closure<\/li>\n<li>Stop work<\/li>\n<li>Release part of the project team.<\/li>\n<\/ul>\n<p>Correct Answer: B<\/li>\n<\/ol>\n<p><em style=\"font-size: 15px;\">Take a Free Demo<b> <\/b>of<b> <\/b>Whizlabs PMP Offerings:<\/em><br \/>\n<a href=\"https:\/\/www.whizlabs.com\/pmi-project-management-professional\/pmp-mock-exam.html\">PMP Exam Questions<\/a><br \/>\n<a href=\"https:\/\/www.whizlabs.com\/pmi-project-management-professional\/pmp-online-training.html\">PMP Online Training<\/a> (with full-length videos)<br \/>\n<a href=\"https:\/\/www.whizlabs.com\/pmi-project-management-professional\/pmp-certification-training.html\">PMP Live Virtual Classroom Training<\/a><br \/>\n<a href=\"https:\/\/www.whizlabs.com\/project-management-professional-pmp\/pmp-practice-tests\/\" target=\"_blank\" rel=\"noopener\"><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;PMP mock exam&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14849,&quot;3&quot;:{&quot;1&quot;:1},&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:3,&quot;3&quot;:1},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:11}\">PMP Mock Exam<\/span><\/a><\/p>\n<p>Preparing for PMP\u00ae Certification? Pass in 1st attempt through<a href=\"https:\/\/www.whizlabs.com\/project-management-professional-pmp\/\"> Whizlabs PMP \u00a0Training Course!<\/a> Start with Free Trial!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Closing Process group The closing process consists of those processes which performed to conclude all activities across all project management process groups to formally complete the project or phase. Activities under closing process groups are Confirm all project requirements are met Obtain formal acceptance of product from customer The end-product is verifies against the agreed scope Performance reviews of the project including the management of risks and issues, any corrective actions that need to be taken The\u00a0project management plan\u00a0must be updated to reflect actual results along with any logs or registers including changes, risks, constraints and assumptions. Project management best [&hellip;]<\/p>\n","protected":false},"author":145,"featured_media":15780,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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Goyal","author_link":"https:\/\/www.whizlabs.com\/blog\/author\/sparsh\/"},"uagb_comment_info":0,"uagb_excerpt":"Closing Process group The closing process consists of those processes which performed to conclude all activities across all project management process groups to formally complete the project or phase. Activities under closing process groups are Confirm all project requirements are met Obtain formal acceptance of product from customer The end-product is verifies against the agreed&hellip;","_links":{"self":[{"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/posts\/429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/users\/145"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/comments?post=429"}],"version-history":[{"count":0,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/posts\/429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/media\/15780"}],"wp:attachment":[{"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/media?parent=429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/categories?post=429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/tags?post=429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}