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The Project Closure phase is the last phase to close or transition a project. Project Managers should focus on establishing the guidelines for this process during the start of the Project.
The business case identifies the reason for the project’s undertaking.
The Project Schedule is a communication tool that will provide updates on the anticipated project completion.
Project management is the art of starting, organizing, planning, and managing projects. Key features of a project include that it is unique, not a regular process; temporary, with a definite start and completion date; and mission-oriented, initiated with a specific goal to achieve. Examples of projects include the construction of a new hotel in Las Vegas, building a mobile app, or launching a new service or branch of business.
There are several reasons a project is undertaken. It is beneficial to take time to understand those reasons, it can contribute to the success of the Project.
There are many different Project Methodologies, it up to the Project Manager and Customer to work together to decide which methodology works best for them.
A project is a unique endeavor undertaken to achieve planned objectives. A project is usually deemed to be a success if it meets the objectives according to their acceptance criteria, within an agreed timescale and budget. Projects have a definite start and end.
A risk is an uncertain event or condition; risk can be both positive and negative.
A Quality Plan is essential and fundamental to achieve quality on a Project.
A properly managed team is crucial for a successful team.
The goal of communication is to keep everyone in the loop.
Cost management is the process of figuring out how much the project is going to cost and what factors attribute to those costs. It allows a business to plan for costs to prevent it from going over budget.
Project Managers must understand the language of business. You will be communicating and reporting to business leaders in the organization. Stakeholders must have a level of confidence in the project managers’ ability to understand their business. Understanding the business will lead to success in the Project.
The most important role of a Project Charter is to set out precisely what the project will achieve. The charter sets out to formally authorize the project and provide authority to the Project Manager.
Collecting requirements are crucial to help define the project scope. One of the primary responsibilities of a Project Manager is to capture all the requirements and ensure they understand the requirements.
The Triple Constraint comprises of the Cost, Scope, and Schedule. The cost provides the financial details of the project also known as the project budget. The Scope is the tasks required to fulfill the project goals. The schedule contains the time necessary to complete the project. All three constraints work together in a project. A change to one will affect the other two.
