5.7. Key Terms
Key Terms
- Closure or Completion phase: the emphasis is on releasing the final deliverables to the customer, handing over project documentation to the business, terminating supplier contracts, releasing project resources, and communicating the closure of the project to all stakeholders.
- Close-Out Meeting: is an opportunity to end a project the way you started it—by getting the team together. During this important event, the team should review what went well and what didn’t go well and identify areas for improvement.
- Close-Out Report: provides a final summary of the project performance.
- Contract Closure: Concerned with completing and settling the terms of the contracts for the project. It supports the project completion process because the contract closure process determines if the work described in the contracts was completed accurately and satisfactorily.
- Project Closure: is traditionally considered the final phase of a project.
- Punch List: List of issues/items that require immediate attention and building a small schedule to complete the remaining work.
“11.7. Key Terms” from Essentials of Project Management by Adam Farag is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted. Modifications: removed purposes of contract
