Closing

Because projects are temporary endeavors, projects and project phases must eventually come to an end. But who is to say when a project or phase has ended? More importantly, how do you know when to stop expending effort and money on a project or project phase?

Projects typically involve many stakeholders, each of whom is likely to have an opinion about the suitability of deliverables. To help prevent disputes, it is necessary to set up a formal process by which the project or project phase may be declared officially completed. This formal process is called closing. Closing involves formally accepting the results and ending the project or phase. This includes several subprocesses.23

•   Scope Verification—ensuring that all identified project ...

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