40 Days to PMP - How to CLOSE a PROJECT (PMBOK_Agile) 📚💎Day #31

PMP Exam Training and Coaching based on the book, ⁠⁠⁠⁠⁠PMP Exam Immersion⁠⁠⁠⁠⁠ Direct Link: ⁠⁠https://praizion.dpdcart.com/cart/add?product_id=221766&method_id=241716⁠⁠ Also based on the half-day LIVE training course, PMP Exam Immersion, available here: ⁠⁠⁠⁠⁠http://hpmexam.com⁠⁠⁠⁠⁠ Also find on UDEMY: ⁠⁠⁠⁠⁠http://udemy.com/pmpimmersion Determine criteria to successfully close the project or phase The first step in planning and managing project/phase closure or transitions is to determine the criteria for successful closure. This will vary depending on the specific project or phase, but some common criteria include: All deliverables have been completed to the satisfaction of the customer or sponsor. All financial and contractual obligations have been met. All risks have been mitigated or transferred. All lessons learned have been documented. The project has been transitioned to the operations team or the next phase. Validate readiness for transition Once the criteria for successful closure have been determined, the next step is to validate that the project is ready to be closed. This involves ensuring that all deliverables have been completed, all risks have been mitigated, and all lessons learned have been documented. It also involves confirming with the customer or sponsor that they are satisfied with the project's results. Conclude activities to close out project or phase Once the project has been validated as ready for closure, the final step is to conclude the activities necessary to close it out. This includes: Obtaining final sign-off from the customer or sponsor. Releasing resources. Closing out contracts. Documenting the project's history and lessons learned. Final thoughts Planning and managing project/phase closure or transitions is an important part of the project management process. By following the steps outlined above, you can ensure that your projects are closed out effectively and that the lessons learned are captured for future projects. Here are some additional tips for planning and managing project/phase closure or transitions: Start planning for closure early in the project. Involve the customer or sponsor in the closure process. Create a checklist of tasks that need to be completed to close the project. Communicate with stakeholders throughout the closure process. Document the project's history and lessons learned. By following these tips, you can ensure that your projects are closed out effectively and that the lessons learned are captured for future projects.