Discover the final steps to tie up all the loose ends of a completed project.
- [Voiceover] At the very end of a project, you have a few pesky, but important details to tie up. First, close the contracts you signed. If your project included a contract with a customer, signatures on the customer acceptance form are a key to agreeing that the contract is complete. Depending on the contract's terms, you might have a few other things to do, such as support the project's deliverables, or perform a follow-up in a few months. If you set up contracts with vendors or contractors, confirm that the other parties did what they were supposed to do.
Then perform the steps to close those contracts as well. Second, close the accounts you used to bill the project costs. For most projects, you keep the financial books open for a short time, usually a few months after the project is complete. That way, it's easy to process follow on expenses such as support. One way to prevent erroneous charges is to close all the accounting codes except for the ones related to the follow-up activities.
As project manager, help your people transition to their next assignments. The best way to do this is to give functional managers advanced notice that their people will be available. Then, the managers can find new assignments and plan the transitions. If your project has another group that picks up where your project team leaves off, you have to perform that transition too. For example, the Conference Center Team that manages the environment during conferences needs to know a lot of information from your finished project.
With those tasks taken care of, your project truly is complete, and your assignment as project manager is over. Now it's time to move to your next project.
Bonnie Biafore has always been fascinated by how things work and how to make things work better. In this course, she explains the fundamentals of project management, from defining the problem, establishing project goals and objectives, and building a project plan to managing team resources, meeting deadlines, and closing the project. Along the way, she provides tips for reporting on project performance, keeping a project on track, and gaining customer acceptance.
Lynda.com is a PMI Registered Education Provider. This course qualifies for professional development units (PDUs). To view the activity and PDU details for this course, click here.
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- Defining the components of a project
- What it takes to be a project manager
- Using project management software like Microsoft Project
- Managing project scope, budget, and schedule
- Managing project resources, including people
- Managing project risk
- Initiating a project
- Identifying and managing stakeholders
- Identifying requirements and deliverables
- Developing a project plan
- Building a project schedule
- Assigning resources to tasks
- Understanding the critical path
- Running the project
- Managing teams
- Monitoring performance
- Closing a project
Skill Level Beginner
Project Management Foundations: Communicationwith Doug Rose1h 47m Appropriate for all
Project Management Foundations: Budgetswith Bob McGannon1h 11m Appropriate for all
1. Getting to Know Project Management
2. Exploring Project Management Knowledge Areas
3. First Things First
How to develop requirements4m 19s
4. Developing a Project Plan
5. Building a Project Schedule
6. While You Run the Project
7. Working with Teams
8. Monitoring and Controlling Progress and Performance
9. Closing a Project
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