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Close Project or Phase

The formal process of completing and wrapping up all work and administrative tasks for a project, a phase, or a contract.

Key Points

  • Confirms and records acceptance of deliverables and that objectives have been met.
  • Finalizes procurements by settling claims and formally closing contracts.
  • Transfers outputs to operations or the customer and releases project resources.
  • Archives records, captures lessons learned, and communicates formal closure to stakeholders.

Example

After delivering a new CRM system and receiving customer sign-off, the project manager closes the vendor support contract, hands the system over to the operations team, archives all project documents, updates the lessons learned repository, releases team members, and issues a closure report to stakeholders.

PMP Example Question

A project has met all requirements, deliverables are accepted, and the final vendor invoice is paid. What should the project manager do next?

  1. Perform Direct and Manage Project Work
  2. Validate Scope
  3. Close Project or Phase
  4. Control Procurements

Correct Answer: C — Close Project or Phase

Explanation: With deliverables accepted and payments complete, the appropriate next step is to perform administrative closure: archive records, capture lessons learned, release resources, and formally close the project or phase.

Advanced Project Management — Measuring Project Performance

Move beyond guesswork and status reporting. This course helps you measure real progress, spot problems early, and make confident decisions using proven project performance techniques. If you manage complex projects and want clearer visibility and control, this course is built for you.

This is not abstract theory. You’ll work step by step through Earned Value Management (EVM), learning how cost, schedule, and scope come together to show true performance. You’ll build a solid foundation in EVM concepts, understand why formulas work, and learn how performance data actually supports leadership decisions.

You’ll master Work Breakdown Structures (WBS), control accounts, and budget baselines, then apply core EVM metrics like EAC, TCPI, and variance analysis. Through a detailed real-world example, you’ll forecast outcomes, analyze trends, and understand contingencies and management reserves with confidence.

Learn how experienced project managers monitor performance, communicate results clearly, and take corrective action before projects slip. With practical exercises and hands-on analysis, you’ll be ready to apply EVM immediately. Enroll now and start managing performance with clarity and control.



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