Project Closure

Project Closure

Project Closure

Projects need organization and management in order to optimize schedule, budget, scope, and quality. Changing any one of the trio of time, money and scope changes the other two members of the trio. For example, shortening the project's duration may decrease scope. Increasing the scope increases the time and money involved in the project. Project management is the planning, scheduling, and controlling of activities for the achievement of performance, cost, and time objectives for a given scope of work, while using resources efficiently and effectively

The last phase of the project life cycle is the Project Closure Phase. ...