How to close a Project | Project management

Project integration management are –

• Initiating
• Planning
• Executing
• Monitoring & controlling
• Closing

Initiating :

• Develop project charter.
• Develop primary project scope statement.

Planning :

• Develop project management plan

Executing :

• Direct and manage project execution

Monitoring & controlling :

• Monitor and control project work.
• Integrate change control.

Closing :

• Close the project finally.

How to close a project?

Closing a project steps are –

1. Review lessons learned.
2. Obtain approvals.
3. Get signatures.
4. Close contracts
5. Compute final costs.
6. Make payment.
7. Finalize report.
8. Transition support.
9. Release resources.
10. Archive documentation.
11. Celebration success.

• Review lessons learned :
  What we are learned from this project that’s we review again and stored for our future project.

• Obtain approvals :
  Here Stakeholders approve everything.

• Get signatures :
  Get a signature is a legal work for every project. So, we take a signature for every partner.

• Close contracts :
  We close our contracts for this project between internal partners.

• Compute final costs :
  Calculates all the cost clearly again.

• Make payment :
  Make sure that all payments are clearly done.

• Finalize report :
  Here, we makes a report for knows that what do we are doing this project.

• Transition support :
  Find the transition supports like as: work product, services, supports etc.

• Release resources :
  Here we release internal and external resource.

• Archive documentation :
  We can formally archive our documentation.

• Celebration success :
  Finally, we can celebrate our success for a successful project.

This 11 steps are used for close a project.