Vocabulary
Used to improve performance on future projects.
Lessons Learned
1. The closing process should be included in the baseline plan.
2. The project closing is the fourth phase of the project life cycle.
3. The project closing phase ends once the final project task is completed.
3. The project closing phase ends once the final project task is completed.
Accounting records
The books/Project Books/Books
You are having an individual post project evaluation meeting. After the meeting, you share the details with the team members direct supervisor.
NO! It is confidential.
A hit popular hit released in 2003 by the rapper Jay-Z. The project manager anthem.
99 Problems
Feedback that is not received face-to-face.
Post Project Customer Evaluation Survey
Customer Evaluation Survey
...Survey
1. The performance evaluation will include areas of growth and areas that need improvement.
2. You can skip the performance evaluation if the team member does not directly report to you.
3. The project performance evaluation only concerns how the team member performed on the project.
You can skip the performance evaluation if the team member does not directly report to you.
Saving documents for future use.
Archiving
A purchase order has been cut to a vendor for $40,000. This leaves you with $175,000 left in the budget. The vendor won't invoice until next year, so you can cut another PO for $200,000 to another vendor for materials you need now.
No. The purchase order is a committed cost.
Time is running out! This popular 80's song is played at the end of sport games. Played by the band Europe.
The Final Countdown
A traditional framework that consist of three factors. Not relevant in today's work force.
Triple Constraint
Who will join the postproject evaluation meeting:
1. A stakeholder
2. The customer
3. Key project team member
Project initiation document
Project Charter
You are closing out a project, but are pending a few invoices from vendors. The amounts are fixed so you know what the final charge will be. Accounting asks you if they can run the financial analysis and you say no.
Yes, all final payments must be made and received before running analysis. The books must be closed.
This popular boy band lead by Justin Timberlake released this hit in 2000.
Bye Bye Bye
The percentage of the number or dollar value of the contractor's proposals that result in contracts.
Win ratio
Early Project Termination will cause:
1. Potential financial loss
2. Damaged reputation
3. Lawsuit
Lawsuit
The project purpose
Project Objective
A stressful project ended and you schedule a group feedback meeting.
No! Schedule the individual meetings first!
A hit released in 1998 by the alternative rock group Semisonic.
Closing Time
Included in the contract to specify how the project manager will collect final payment.
Progress Payment Clause
1. There is always a standard checklist for archiving documents
2. Hard copies may be required
3. Documents should be saved in electronic format
There is always a standard checklist for archiving documents
Donald Glover is accomplished writer, actor, and rapper.
Childish Gambino
You have a great relationship with a local vendor. They really need a job on your current project. They confide in you that if they don't get this job then they will be out of business. However, they cannot match the competitor's prices. They are only 3% higher, but the quality is the same. You go with the cheaper vendor.
This song is played at every graduation since 1997. An acoustic Green Day song.
Good Riddance (Time of Your Life)