Project Success Factor Close Out
Project success factor – close-out
The remainder of the long story of planning, integrated work, coordination, and follow-up each phase and step of project cycle life, the last phase of this progress is considered the critical point to the project managers. Precisely, this phase of the project consists a similar routine process, determining the components of this phase doesn't affect a specific phase or step but extent to affect the whole project as well. Many specialists believe that the close-out phase in the project doesn’t represent the ending of project but also we can consider it as the first phase of new stage between the project operators and beneficiary/stakeholder.
Determining the success factors of close-out phase in the project requires us to identify the close-out phase process firstly. There are a few success factors that belong to this phase; the most important factor is the acceptance of project as done. Closing the project is not just finishing the tasks or completing milestones. It’s more on successfully ending up your deliverables. When your customer or client accept the project, that means the project deliverables satisfy their expectation Accepting the project extends out the planned designs to meet the stakeholder expectations, delivering the project as planned may doesn’t achieve the high level of stakeholders’ expectations, unless the project operators worked to achieve higher levels of stakeholders’ expectations(PE, 2011).
It’s very important to consider the time and cost which we call “Sunk Cost Approach”. This is where the organization is willing to invest the time and cost required to complete the project. In the Sunk Cost approach, it’s whether the organization is tenting to invest additional time and cost required to complete the project given the investment already committed. Investing the time and cost required is another criteria factor to success in closing up the project. When you keeping the project on the exact time and
The remainder of the long story of planning, integrated work, coordination, and follow-up each phase and step of project cycle life, the last phase of this progress is considered the critical point to the project managers. Precisely, this phase of the project consists a similar routine process, determining the components of this phase doesn't affect a specific phase or step but extent to affect the whole project as well. Many specialists believe that the close-out phase in the project doesn’t represent the ending of project but also we can consider it as the first phase of new stage between the project operators and beneficiary/stakeholder.
Determining the success factors of close-out phase in the project requires us to identify the close-out phase process firstly. There are a few success factors that belong to this phase; the most important factor is the acceptance of project as done. Closing the project is not just finishing the tasks or completing milestones. It’s more on successfully ending up your deliverables. When your customer or client accept the project, that means the project deliverables satisfy their expectation Accepting the project extends out the planned designs to meet the stakeholder expectations, delivering the project as planned may doesn’t achieve the high level of stakeholders’ expectations, unless the project operators worked to achieve higher levels of stakeholders’ expectations(PE, 2011).
It’s very important to consider the time and cost which we call “Sunk Cost Approach”. This is where the organization is willing to invest the time and cost required to complete the project. In the Sunk Cost approach, it’s whether the organization is tenting to invest additional time and cost required to complete the project given the investment already committed. Investing the time and cost required is another criteria factor to success in closing up the project. When you keeping the project on the exact time and