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Close Project or Phase: A Comprehensive Guide

What is Close Project or Phase:
The close project or phase is one of the seven phases in project management as outlined in the PMBOK Guide Seventh Edition. This final phase formally ends the project or a phase of the project.
Why it's important:
The importance of this phase lies in its functions to officially complete and finalize all project activities, making sure that they are all properly terminated and documented. Explicitly closing the project ensures there are no loose ends, gives an opportunity for lessons learnt, and provides a clear end which is crucial in every contractual arrangement.
How it works:
Once all project objectives and outcomes have been achieved, the close project or phase process begins. It includes activities such as contract closures, final product delivery and report, project resources release, project documents archiving, and post-project review.
Exam Tips: Answering Questions on Close Project or Phase:
1. Familiarize yourself with all the processes involved in this phase.
2. Understand the importance of appropriately closing a project or a phase in order to answer relevant questions.
3. Make sure to understand the role of project review and lessons learned in this phase.
4. Know what documents are usually completed and archived at this phase.
5. Always make sure that the project was completed as per the plan before going into the closing phase.

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Close Project or Phase practice test

Close Project or Phase is a process that finalizes all activities across all Project Management Process Groups to formally complete the project, phase, or contractual obligations. This process ensures that all project work is completed, lessons learned are documented, resources are released, and final project deliverables are accepted by the customer or sponsor. It is essential for ensuring that project success is recognized, stakeholders are satisfied, and valuable knowledge is captured for future projects, preventing the loss of critical information.

Time: 5 minutes   Questions: 5

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Project Management Professional Preparation Package (2024)

  • Earn 35 PDUs needed for your PMP certification
  • 10928 Superior-grade Project Management Professional practice questions.
  • Accelerated Mastery: Deep dive into critical topics to fast-track your mastery.
  • Unlock Effortless PMP preparation: 5 full exams.
  • 100% Satisfaction Guaranteed: Full refund with no questions if unsatisfied.
  • Bonus: If you upgrade now you get upgraded access to all courses
  • Risk-Free Decision: Start with a 7-day free trial - get premium features at no cost!