What is Closing Project or Phase in Project Management? PDF | Download eBooks

Learn Closing Project or Phase definition in project management with explanation to study “What is Closing Project or Phase”. Study closing project or phase explanation with project management terms to review project management course for online MBA programs.

Closing Project or Phase Definition

Closing Project or Phase Explanation

The Closing Process group deals with the formal closing of a project or a contract. The major process involved in closing process group is called closing project or phase. A project is divided into different phases or stages. These phases and stages must be formally closed before moving on to the next stage. The closing process can also be applied to the contracts and agreements. Moreover, when the overall project objective is achieved, closing activities must be performed for the project too. The major aim of closing project or phase process is to document all the information regarding project, stage or phase. Based on the closing project or phase process, the resources associated with the project or a particular phase are released so that they can become available for future needs. This process is performed whenever needed during the project life cycle.

Keep Learning Project Management Explanations

What is Excellence?

Different types of projects are carried out by organizations. Some become successful while others may fail. Although failure is not ...

What is Responsibility?

No single organizational structure is good for all organizations. Organizations tend to take on diferent structures based on their size, ...

What are Facilities?

Material projects are the types of projects that involve some material/physical deliverables that are to be provided to the customer ...

What is Questionnaire?

The requirements of the project must be determined and communicated. To identify the requirements, data should be gathered. There are ...

What is Schedule Data?

The development, management and control of schedule requires some important information or data which is called schedule data. Schedule data ...

What is Reserve Analysis?

After estimating the duration and cost estimates, it is important to consider the situations of uncertainty. Based on the uncertainty ...