This document discusses project control and closing processes. It describes monitoring project work, which involves tracking performance against the project plan and identifying variances. It also discusses administering procurements, including monitoring vendor work and conducting procurement reviews. The document outlines reporting project performance through tools like variance analysis and communication methods. Finally, it describes closing the project through activities like getting customer acceptance, releasing resources, and creating a final report with an executive summary and lessons learned.
Control is one of the key functions of any management process. The uncontrolled or unexamined project is not worth much. However effective the project plan may be without regular reviews during the life of the project neither the project progress nor the reality of the plan can be assessed. An effective and efficient control system enables! the project manager to answer the question. "How are we doing on the project ?" at any stage of the project.
According to Henry Fayol "The control means seeing that everything occurs in conformity with established rules and expressed command."
Project Integration Management includes the processes and activities needed to identify, define, combine, unify, and coordinate the various processes and project management activities within the Project Management Process Groups.
Learn the 5 Key Project Management Phases that every project manager knows. Perfect information for those professionals curious about how Project Managers plan their projects.
Control is one of the key functions of any management process. The uncontrolled or unexamined project is not worth much. However effective the project plan may be without regular reviews during the life of the project neither the project progress nor the reality of the plan can be assessed. An effective and efficient control system enables! the project manager to answer the question. "How are we doing on the project ?" at any stage of the project.
According to Henry Fayol "The control means seeing that everything occurs in conformity with established rules and expressed command."
Project Integration Management includes the processes and activities needed to identify, define, combine, unify, and coordinate the various processes and project management activities within the Project Management Process Groups.
Learn the 5 Key Project Management Phases that every project manager knows. Perfect information for those professionals curious about how Project Managers plan their projects.
Project Management Training in Indonesia - Module 05 Project Closing ProcessAlin Veronika
A brief description about Applied Project Management Course.
In this course, you will be introduced to the core knowledge required around project management skills and key initiatives for quality, human resource, communications, risk management, and procurement management.
Aligned with the Project Management Institute’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide) latest edition, this course will build new competencies and skills to complete an extensive, realistic, project case study. This course is designed to master the core principles of project management and gain the hands-on confidence to practice new skills in your organizations.
You will propose, plan and execute a full-scale project under typical organizational constraints. You will work together in teams with other participants and each team member will take a turn as project manager, defining objectives and performing tasks and producing deliverables critical to the project success. Follow your project through the life cycle, resolving issues of performance, scheduling and control as you address questions of leadership and management.
At the conclusion of the course, you will provide a closing presentation to the project sponsor that includes a thorough review of the results, lessons learned, and recommendations for improvements.
For more information:
PT. Avenew Indonesia
Tel: +62 21 3005 3639
HP: +62 812 9788 2500 (Bayu)
Email: info@avenew-indonesia.com
Web: avenew-indonesia.com
blog: http://avenew-indonesia.blogspot.com
How To Close-Out Your Project Successfully!Louis Henry
Here are 4 steps that you can use to close-out your projects.
If you're a entrepreneur or salesperson then you should set up a closing system for yourself; it will only give you room to improve your results...
Post Implementation Audit would help organization to evaluate whether project objectives were met, to determine how effectively the project was run, to learn lessons for the future, and to ensure that it realize maximum possible benefit from the project. PIA would assist organization to effect needed changes in organizational plans & processes and realize potential operational & strategic benefits. In ERP re-implementation projects, PIA's critical role is to redefine the ERP project scope, promote learning & system acceptance through user training & stakeholder commitment to the project.
Sick industries: The reasons and remedies for it (A case study in Bangladesh)Masum Hussain
Small industrial units are the seedbed on industrial development in underdeveloped economy for its less capital involvement and more employment generation capability. But this sector cannot contribute expectedly for infection to sickness that ultimately prevents the entrepreneurial bases of economy. Sickness can be occurred in the inception period, in operation and /or in macro environment. Without the growth and development of entrepreneurship the development of country would always be unattained. It is a study through which we try to analyze the forces behind the spirit of entrepreneurship development. The study tried to explore the ambitions, compulsions, facilitations and expectations which lead them to industry, the idea generation process and motivators in that process of entrepreneurships and also the primary obstacles in entrepreneurships in Industrial estates. In this context an extensive survey is made and data have been collected from some entrepreneurs in five BSCIC industrial estate of Sylhet division in Bangladesh. From that study it is revealed that the leading ambition is making profits, compulsions are dissatisfaction in present job and unemployment and facilitating factors are technical skill and experience. The main source of idea is the entrepreneur himself and he is also the motivator in that process. Obstacle in emergence of entrepreneurship in industrial estates is revealed as the procedural hazards. Therefore it is suggested that proper counselling in presence of family members and minimizing the procedural hazards in facilitating supports should be emphasized in entrepreneurial development program. The problem of industries becoming sick, both in public and private sectors, has turned to be alarming in Bangladesh in recent years. Although the causes for closure or divestment might be many but in most of the cases continued loss played a major role. Thus the problem of industries becoming sick deserves to be treated more seriously at Government policy level as it is related to the national economy and development.
UNIT IV
PROJECT MANAGEMENT AND CONTROL
Framework for Management and control – Collection of data Project termination – Visualizing progress – Cost monitoring – Earned Value Analysis- Project tracking – Change control- Software Configuration Management – Managing contracts – Contract Management.
This power point presentation is about Project Audit and Closure. Highlighting on its importance, the types of closures and the best practices. This power point presentation is for educational purposes only.
Final Class Presentation on Project Audit and Closure.pptGeorgeKabongah2
Project auditing can be defined as the process of detailed inspection of the management of a project, its methodology, its techniques, its procedures, its documents, its properties, its budgets, its expenses and its level of completion.
CAPM exam preparation developed for self learning.
Plz don't mind some logo and strikethrough.. they were meant to create fun for myself.
You may join the course from Udemy as I take and enjoy the class from there.
With discount it was only $11.
Mr.Joseph Phillips
https://www.udemy.com/share/101WE2AkcZd15VRn4=/
A Project Management Office, abbreviated to PMO, is a group or department ... base project management principles on industry-standard methodologies. Daniel outlines best practices for a larger project team.
This material is intended to provide project leaders with a foundational understanding of leading practice project management processes, activities, tools, techniques, and deliverables as prescribed the Project Management Institute (PMI).
This document is part of a series that explain the newly released PMBOK 5th edition. These documents provide simple explanation and summary of the book. However they do not replace the necessity of reading the book.(The 10 Knowledge Areas & ITTOs)
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He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
1. 13 – Project Control & Closing
Management
Project Management Training
Created by ejlp12@gmail.com, June 2010
2. Project Control & Closing Management
Monitoring and Controlling Project Work
The processes in the Monitoring and Controlling process group concentrate on
monitoring and measuring project performance to identify variances from the project
plan and get it back on track.
The Monitor and Control Project Workprocess is concerned with monitoring all the
processes in the Initiating, Planning, Executing, and Closing process groups.
Monitor and Control Project Work Inputs
The inputs of this process include project management plan, performance reports,
enterprise environmental factors, and organizational process assets. The enterprise
environmental factors input in this process includes elements like standards, work
authorization systems, risk tolerances of your stakeholders, and project
management information systems.
3. Project Control & Closing Management
Monitor and Control Project Work Outputs
The outputs of the Monitor and Control Project Work process will also look familiar.
They are as follows:
• Change requests
• Project management plan updates
• Project document updates
Contracting Inputs
• Administer Procurements has six inputs:
• Procurement documents
• Project management plan
• Contract
• Performance reports
• Approved change requests
• Work performance information
4. Project Control & Closing Management
Work Performance Information
Work performance information concerns monitoring work results and examining the
vendor’s deliverables. This includes monitoring their work results against the project
management plan and making certain activities are performed correctly and in
sequence.
Procurement Performance Reviews
Procurement performance reviews examine the seller’s performance on the contract
to date. These reviews can be conducted at the end of the contract or at intervals
during the contract period. Procurement reviews examine the contract terms and
seller performance for elements such as these:
• Meeting project scope
• Meeting project quality
• Staying within project budgets
• Meeting the project schedule
5. Project Control & Closing Management
Inspections and Audits
• Performance Reporting
• Payment Systems
• Claims Administration
• Records Management System
Managing Contract Outputs
The outputs to the Administer Procurements process are as follows:
• Procurement documentation
• Organizational process asset updates
• Change requests
• Project management plan updates
6. Project Control & Closing Management
Establishing Performance Measurements
As mentioned, the Monitoring and Controlling process group concentrates on
monitoring and measuring project performance to identify variances from the project
plan. Report Performance is the process where the collection of baseline data
occurs and is documented and reported.
Report Performance Inputs
You’ve examined most of the inputs to the Report Performance process previously.
They are as follows:
• Project management plan
• Work performance information
• Work performance measurements
• Budget forecasts
• Organizational process assets
7. Project Control & Closing Management
Report Performance Tools and Techniques
The following are tools and techniques of this process:
• Variance analysis
• Forecasting methods
• Communication methods
• Reporting systems
Report Performance Outputs
The Report Performance process has several outputs:
• Performance reports
• Organizational process assets updates
• Change requests
8. Project Control & Closing Management
Project Closure
Closing out a project includes a daunting number of tasks. In the past and on
small projects the project manager was responsible for seeing all tasks and loose
ends were completed and signed off.
The three major deliverables for project closure are described below
1. Wrapping up the project. The major wrap-up task is to ensure the project is
approved and accepted by the customer.
2. Evaluation of performance and management of the project. Evaluation includes
team, individual team members, and project manager performance.
3. Retrospectives. Retrospectives of lessons learned are designed to improve
performance on current and future projects
9. Project Control & Closing Management
Types of Project Closure
The different types of closure are identified here:
Normal The most common circumstance for project closure is simply a completed
project. For many development projects, the end involves handing off the
final design to production and the creation of a new product or service line
Premature For a few projects, the project may be completed early with some
parts of the project eliminated. For example, in a new product development project,
a
marketing manager may insist on production models before testing.
Perpetual Some projects never seem to end. The major characteristic of this kind of
project is constant “add-ons,” suggesting a poorly conceived project scope. At some
point the review group should recommend methods for bringing final closure to this
type of project or the initiation of another project. For example, adding a new feature
to an old project could replace a segment of a project that appears to be perpetual.
10. Project Control & Closing Management
Failed Project Failed projects are usually easy to identify and easy for a review
group to close down.
Changed Priority Organizations’ priorities often change and strategy shifts
directions. For example, during the 2008–10 financial crisis organizations shifted
their focus from money-making projects to cost savings projects.
Closure Activities
Implementing closedown
includes the following six major activities:
1. Getting delivery acceptance from the customer.
2. Shutting down resources and releasing to new uses.
3. Reassigning project team members.
4. Closing accounts and seeing all bills are paid.
5. Delivering the project to the customer.
6. Creating a final report.
11. Project Control & Closing Management
Creating the Final Report
Executive Summary This summary simply highlights the key findings and facts
relating to the project implementation.
Review and Analysis Data are collected to record the project history, management
performance, and lessons learned to improve future projects.
Recommendations Usually, review recommendations represent major
improvement actions that should take place.
Lessons Learned Perhaps lessons learned are the most valuable contribution of
the closure process. Given the process evaluation and input from the stakeholder
meetings, lessons learned should be succinctly and clearly set out.
Appendix The appendix may include backup data or details of analysis that
would allow others to follow up if they wished.