Project management

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Nonyn13@zbetna.rqh

Business Finance

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Answer the 3 questions below:

What are the main duties of the closure manager?

What information should be included in a project audit?

Write a one-page audit report of this project.


find below the link of the book, read the last chapter in the book which is chapter 8

http://fac.ksu.edu.sa/sites/default/files/project_...

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Project Evaluating and Terminating the project CEGR 400: Project Management Dr. Gbekeloluwa B. Oguntimein Learning Objectives Module 5B Upon completion of this module the student will be able to: Prepare a project audit report Prepare final project report Determine when and how a project should be terminated. Conduct an effective, appropriate project termination. AUDITOR & TEAM: SENSITIVITY ETHICAL INDEPENDENCE CONFIDENTIAL ACCESS TO ALL RELEVANT INFORMATION ACCESS TO PROJECT TEAM NEEDS PERMISSION TO ENTER THE SYSTEM BUILD TRUST - DEVELOP INTERPERSONAL SKILLS PERSUASIVE & PERSISTENT DIPLOMATIC TIMING OF AUDIT: EARLY IN THE PROJECT ABOUT 20% OF SCHEDULE OR MONEY SPENT AT KEY DECISION POINTS POST - PROJECT AUDIT UNPLANNED AUDITS: PROJECTS IN TROUBLE OR NEW PROJECT MANAGER. AUDIT REPORT: INTRODUCTION & OBJECTIVES STATUS OF PROJECT FUTURE STATUS STATUS OF CRUCIAL TASKS RISK ASSESSMENT (PROJECT FAILURE) INFORMATION USEFUL TO OTHER PROJECTS LIMITATIONS OF THE PROJECT PROJECT TERMINATION TYPES OF TERMINATION: EXTINCTION FINAL PRODUCT DELIVERED TO CLIENT & ACCEPTED. PROJECT FAILED TERMINATION BY ADDITION PROJECT BECOMES A DIVISION OR A SUBSIDIARY OF THE FIRM. TERMINATION BY INTEGRATION INTEGRATING A SYSTEM INTO AN ORGANIZATION. TERMINATION BY STARVATION CUTTING THE BUDGET. TERMINATION PROCESS: THE DECISION - GIVEN THE CURRENT STATUS & EXPECTED OUTCOMES, IS THE ORGANIZATION WILLING TO INVEST TIME & COST TO COMPLETE THE PROJECT? TERMINATION SHOULD BE PLANNED, BUDGETED & SCHEDULED -- NOT A HATCHET JOB FOLLOW A CHECK LIST NEED A TERMINATOR TASKS TO BE ADDRESSED: COMPLETE THE WORK NOTIFY CLIENT, DELIVER PRODUCT, OBTAIN ACCEPTANCE. COMPLETE DOCUMENTATION REDISTRIBUTE PROPERTY, EQUIPMENT, PERSONNEL & RESOURCES NOTIFY TEAMS OF PLANS FINAL REPORT (HISTORY OF PROJECT) PROJECT PERFORMANCE ADMIN. PERFORMANCE PROJECT TEAM (APPRAISAL) TECHNIQUES USED (PLANNING , SCHEDULING, ETC.) RECOMMENDATION FOR CHANGES RESISTANCE TO CANCELING PROJECTS: PROBLEMS MAY BE TEMPORARY CLOSING COSTS ARE HIGH HOPE IT WILL SUCCEED HIGH INVESTMENTS PROJECT FAILURE IS A PERSONAL FAILURE APPEARANCE OF INCOMPETENCE MAY VIOLATE LAYOFF POLICIES POLITICS
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