About This Chapter
Project Management Closure - Chapter Summary
Allow project managers to review the procedures for closing out a project using this detailed chapter. The information is presented in an easy-to-follow format so employees can quickly study each lesson and move on to the next, while also retaining the information. Key topics outlined in this chapter include:
- Project closeout phase activities
- Examples of customer value analysis
- Principles for project accounting
Once project managers study the processes detailed in each lesson, they have the opportunity to take brief lesson quizzes and a chapter exam to assess their comprehension. These assessment tools will also help them identify if they need to re-examine any of the steps for better understanding.
How It Helps
- Organizes final activities: Project managers will review all the steps of closing out a project so they can organize and prepare for these activities during the closeout of their projects.
- Teaches budgeting techniques: This chapter explains relevant accounting principles as applied to project management and their importance for completing projects on budget and on time.
- Emphasizes customer feedback: Project managers learn about customer value analysis and the implications of those results.
By the end of this chapter, project managers will be able to:
- Execute the closeout process of a project
- Determine customer value analysis
- Utilize basic accounting techniques relevant to project management
1. Project Closeout: Process & Activities
In this lesson, we'll define project closeout in project management and explain its methods. We'll also detail the processes and activities of the project closeout phase within project management.
2. Customer Value Analysis: Definition & Example
The lesson will define the phrase customer value analysis (CVA) along with examples that will help to explain several of the ways that CVA benefits organizations.
3. Project Accounting: Principles & Methods
In this lesson, we'll discuss basic project accounting principles and methods by explaining generally accepted accounting principles, financial reports, progress tracking and the billing cycle, with an eye to ensuring that projects are completed on time and on budget.
4. Project Post-Mortem: Report & Questions
No project is perfect. Even if the goals are met and the timeline followed exactly, every project has an area that could be improved. In this lesson we'll learn about a discussion that happens after a project to explore how it could have gone better.
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