Understanding the project closure review
The project closure review can add exponential value to your organization. The lessons learned from one finished project can be leveraged to benefit all future projects. For this reason, efficient organizations have a meticulous analysis of all aspects of the project during the project closure review. A top-down approach is used for the analysis, starting with the project's stated objectives, then proceeding to cover every project process, human resource, the costing, schedules, budgets, and any other extraordinary events. However, the key objective will be to understand the following:
- Were the project objectives achieved?
- What went right/wrong?
- What can be improved?
- How can we leverage the lessons that we learned from the project?
Project provides two superlative features that are especially useful during the project closure reviews. In the next section, we will study the first of these tools, which allows the...
