Everything with a beginning must have an end and a project is not quite complete until the closing stage is considered successful. (Sanghera, P.2009 p.223) Scenario one: Closing a project that has met its objective
This scenario delights the project manager and his or her team as it is the ideal end to any project. It involves closing all activities related to the project both the within and without. Here the project manager (PM) meets with the stakeholders to gain their final approval of the project, ascertain that the deliverable meets the completion standards, conclude contract arrangements with vendors, transfer responsibility of project output to other people, release people and other resources, and document lessons learned. (Sunny & Baker pp330-331). Scenario two: Closing a project that was terminated early
In this scenario a project can be terminated for a number of reasons. From the discussion question we saw that a project can be adjudged to have failed, if it cannot meet up objective, expected to fail or are no longer in line with the objective of the company can be terminated. Bommer & Pease, 1991further provided reasons like paucity of funding, technological obsolescence, changes in consumer trends, mergers and acquisitions loss of the champion and negative cost/benefit ratio. However whatever might have being the underlying cause of the termination of a project, it is still very important that the project is closed formally. In that regard, there is no difference between closing a project that has met its objectives and a project that was terminated early in its life. Both scenarios must undergo the close project process and the close procurement process. But the following differences can be observed: (1)
In the first scenario there is a tangible project deliverable that can be transferred to other people, it may serve as inputs to another project. While in the second scenario there may be no tangible deliverable. (2)
The emotional currents...
Please join StudyMode to read the full document