Course Unit

How to Close and Transition Projects

Search
latest courses
Tutorial Category Cloud
Video Highlights
Sponsored Recommendation

Notion is a connected workspace where you create docs, take notes, manage tasks, and organize your life’s work—all in one place.

Notion software for enhanced productivity and creativity at Think Advanced.

Here at Think Advanced, we use Notion for our Docs, notes and Tasks to Keep things organised.

Sign up today. It’s your one place to connect your work, ideas, and goals so you can do your life’s work.

albato

Albato is a cloud-based platform that provides integration and automation services for businesses. It allows businesses to easily connect and automate workflows between their various applications and systems, such as CRMs, ERPs, marketing automation tools, and more.

Are you tired of manual data entry and complex workflows? Streamline your operations and automate your workflows with Albato. Save time, reduce errors, and improve data quality. With easy-to-use integration and automation services, Albato is the solution for your integration needs. Join thousands of businesses and experience the power of automation.

Sign up today and experience the power of automation.

Your special offer Promo Code: GIMME20%OFF

As a project manager, it's crucial to complete all necessary tasks at the end of a project to ensure a smooth transition and avoid any loose ends. Here’s how to effectively close out a project:

Key Activities:

  1. Close Out Contracts:
    • Ensure all deliverables are completed and follow-up actions are performed.
    • Close contracts with customers and vendors.
  2. Monitor Performance:
    • After the project is operational, monitor its performance to ensure objectives are met.
  3. Transition to Ongoing Group:
    • Prepare the ongoing group to take over the project as part of their daily operations.
    • Notify functional managers in advance for planning the transition of their team members.
  1. Archive Project Information:
    • Archive all project information electronically for easy access and sharing.
    • Store information in various systems like a database or document management system.
  2. Close Financial Accounts:
    • Close the accounts used to bill project costs.
    • Keep financial books open for a few months to process any follow-up expenses.
    • Close accounting codes not related to follow-up activities to avoid erroneous charges.

Final Steps:

  1. Celebrate Achievements:
    • Recognise and celebrate the successful completion of the project.
  2. Move On to the Next Project:
    • Ensure all loose ends are tied up before transitioning to your next project.

By following these steps, you can ensure a thorough and effective project closure, setting the stage for future success.

[hfcm id="71"]

Learn More about our courses

Learn more about our courses and other professional content