Project Closures Essay

Everything with a beginning must spend a penny an end and a pop the question is not quite complete until the remainder stage is considered successful. (Sanghera, P.2009 p.223) Scenario virtuoso Closing a project that has met its objectiveThis scenario delights the project passenger car and his or her team as it is the ideal end to any project. It involves closing exclusively 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, answer contract arrangements with vendors, transfer responsibility of project output to separate people, shift people and other resources, and document lessons learned. (Sunny & Baker pp330-331).Scenario two Closing a project that was terminated earlyIn this scenario a project butt end be terminated for a number of reasons. From the discussion question we adage that a project ar sehole 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 shortage of funding, technological obsolescence, changes in consumer trends, mergers and acquisitions loss of the champion and negative cost/ avail ratio. However whatever might have being the underlying produce of the termination of a project, it is still very important that the project is close formally.In that regard, on that point is no difference between closing a project that has met its objectives and a project that was terminated early in its life. some(prenominal) scenarios must undergo the close project process and the close procurement process. But the following differences can be discovered (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 gueril la scenario there may be no tangible deliverable. (2)The emotional currents observed in both scenarios are quite different, in the first scenario the PM and everyone associated with the project are elated and feels fulfilled, leading to more latent capacity for future projects and commitment to the organisation. In the second case, negative emotions may be generated which can be counterproductive to future projects and the organisation. This situation can exclude when senior management arbitrarily cancels a project without carrying the team along.administrative plosive speech soundThis is the process of formally bringing to an end all project activities. It relates to the closing process group and the integration management knowledge area. (Sanghera 2010 p377) The recognized project deliverable after its verification is compared with the project management proposal and other pulley block guidelines and procedures before it is handed over to the customer. This action is unavoi dable for both scenarios one and two.Contract closureThis occurs when the terms of the contract have been reached or when there is a termination before the terms can be reached. The last mentioned case usually involves compensation. In multi-phased projects contract closure can occur more than once while administrative closure occurs only once. The acceptance of the deliverable takes place during the administrative closure.Conclusionadministrative closure and contract closure both occur in closing a project that has met its objective and one that is terminated early. In the latter case care should be taken to carry the team members along in the process of project termination in order to ascending their morale and productivity for future projects.