Write a summary on the close out project?

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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Write a summary on the close out project?

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Step 1

A project closeout report would have to be submitted at the conclusion of each project. It means that what a project needs to be formally terminated, meaning that the project needs come to an end; that funding and assets will no longer be needed, and company activities will proceed as they were before the project was planned. Manpower must be returned to their respective offices, and contracts with vendors must be terminated. This is a method of wrapping up loose ends, which could otherwise create uncertainty for all concerned stakeholders. This is a process which is formally performed in writing.

Step 2

All documents concerning the project will need to be reviewed to initiate the process of assembling a project close-out article. The Project Creation Stage, the first stage of the project, includes documents related to the scope, financial model, project charter, shareholder analysis etc. Trying to follow the Conception Stage is the Project Planning Stage which documents most of the preparations made to carry out the project, including cost, schedule and assets projections according to the project's context. It provides a comprehensive overview of the Job Breakdown Structure including deliverables of tasks and job packages. During this process other documents have included the Scope Strategic plan, Product / Service Description, and Scope Ideology, to mention a few.

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