Project Closeout

User Generated

fgriref99

Business Finance

Description

Imagine that you have completed the same project discussed in Assignment 4. You exceeded the project budget, but you were able to complete the project within 15% of its scheduled completion date. Now, the management has requested a project review of your project.

Write a six to eight (6-8) page paper in which you:

  1. Analyze the closeout process for your project. Next, determine the main challenges that you would encounter during the project closeout process, and provide your strategy to address the challenges in question.
  2. Select one (1) tool, other than MS Project, that you could use in order to manage project costs and scheduling. Next, speculate on the overall different project management strategy that you would apply based on the tool that you have selected. Provide a rationale to support your response.
  3. Analyze whether or not continuous process improvements would have helped the delivery of your project. Provide a rationale to support your response.
  4. Speculate on whether or not using risk management techniques would have affected the delivery of your project. Provide at least two (2) examples of using risk management techniques that would have helped the delivery of your project to support your response.

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Explanation & Answer

Attached.

Running head: PROJECT CLOSEOUT

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Baseball Stadium Project Closeout
Student’s Name
Institutional Affiliation

PROJECT CLOSEOUT

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Baseball Stadium Project Closeout

Project closeout is the final process in a venture's lifecycle that finalizes all activities
carried out in the entire project implementation process. The primary aim of a project out is
assessing an enterprise to ensure completion, draw any lesson learned and coming up with a
solution to address project implementation drawback as well as documenting the best practices
for utilization in the future project work. Kerzner postulates that a project closeout process is an
essential process that could have significant implications for a venture (2013). A poor closeout
process may derail an entire project that was initially running smoothly in all other discharging
activities. Thus, it is imperative to carry out a project closeout process effectively to realize a
successful project that meets the desire of all the stakeholders. Project closeout heightens the
capability of a venture custodian to determine a project setback, provide applicable solutions,
and select the best practices that would be utilized in future similar projects.
An Analysis of the Baseball Stadium Project Closeout Process
The project closeout process for the baseball stadium will take place in various different
perspectives to heighten successful completion of the venture. The first step in the project
closeout entails making a confirmation that a program meets all the enterprise tasks satisfactorily
and meeting the initial agreements with the project stakeholder to details. This entails having a
review of the entire initial project documentation to ensure the fulfillment of all the ventures
obligations. The second step involves the client closeout process, which ensures that the
customer is satisfied with the project deliverables as well as verifying the acceptance of the
project by the stakeholder. Besides, the client closeout process aims at enhancing the creation of
a solid association with the project’s stakeholders. The third step in the Baseball stadium project
closeout is the subcontract closure. The phase involves a verification of the subcontracted tasks

PROJECT CLOSEOUT

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to ensure that the activities attain the quality standards prior to releasing the subcontractor.
Besides, in course of closing the subcontracted tasks, the project custodian is positioned to track
any form of changes that occurred in the subcontracted tasks to verify the accurateness of the
documentation.
Risk evaluation in project closeout is the third phase of the stadium closeout phase. Risk
assessment is an imperative process that involves the ...


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