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One of the most well-known examples of poor project management is Coca-Cola’s attempt to release New Coke in 1985. The project failed after spending $4 million on Research and Development (R&D) and another $30 million on back-stocked items following the launch. Why? The brand failed to complete the PROJECT CLOSURE.
Check out our Project Management Plan guide to establish a set of baselines and subsidiary plans to assure project success.
In the words of Henry Wadsworth Longfellow, one of the most well-known and well-liked American poets of the nineteenth century, “Great is the art of beginning, but greater is the art of ending.” Businesses must plan for endings that are difficult to accept, long anticipated, or unforeseen. End (close) your projects successfully to avoid joining the staggering 70% of failed initiatives, as per research.
Inform and update your project team on the concerns that have been identified, as well as all that needs to be understood about these. Click here to read more about Project Issue Tracker.
Project Closure, the final phase of project management, ensures you complete necessary tasks before wrapping up the project. The highs, lows, and mundane routines of projects, as well as all moving elements, are scrutinized. A post-mortem of the entire process is done to ensure that a project has clear takeaways, next steps, and endurance.
This blog is ideal for wrapping things up, presenting your findings, and conducting a team debrief. Use the Project Closure Templates from SlideTeam to make sure you do the necessary tasks before declaring the project closed. These templates ensure that each section or segment is given the appropriate amount of space and prominence to evaluate your project completion. The 100% customizable nature of the templates provides you with the flexibility to edit your presentations. The content-ready slides give you the much-needed structure.
Review and assess the project’s performance to ensure the success of all future initiatives with SlideTeam’s top-notch PowerPoint Templates.
Identify all deliverables of projects and ensure these have been completed and handed over to clients. This will increase client satisfaction and your company's reputation.
Template 1: Project Closure PPT
Project closeout identifies its accomplishments and success. Use this PPT Template to define project completion strategies. This template ensures that the project is closed in a well-structured, professional manner. This comprehensive deck includes project completion, issue, termination, or execution, allowing you to conclude the project cleanly and smoothly. Use this presentation to put a technical finish to any loose ends and build an inventory of the lessons learnt. Get it now!
Template 2: Project Closure PowerPoint Template
Project closure is a vital project phase that officially ends your project. This PowerPoint Presentation is a quick reference for project closeout procedures and activities. This deck includes information on project summary, project completion, client presentation, feedback, and a project task management report to help you share your findings and debrief with your team. Project managers can use this slide to confirm that it has met its objectives and to describe any problems, lessons learnt, and deliverables outstanding. Download now!
Template 3: Project Closure Checklist Template
Use this PPT Template to confirm that the objectives of project phases have been completed to formally close a project. This method of analyzing the project completion process ensures that necessary project closure actions are carried out, appropriate documentation is used, and project closure reports are communicated with stakeholders. This comprehensive deck includes a project closing checklist for evaluating efficacy, resolving difficulties, improving operational effectiveness, tracking status and overall performance, etc. Use this presentation to ensure that you have addressed critical parts of the project closure process. Save it now!
Template 4: One-Pager Project Closure Report Executive Summary Report
Use this PPT Template to capture your project summary, accomplishments, lessons learnt, and recommendations for initiatives. This one-pager contains information such as the project sponsor, overview, variance analysis, financial summary, objective achievements, etc. Use this presentation as a helpful resource for establishing best practices to ensure the success of projects. Download now!
Template 5: Seven Stages of Project Closure Assessment
Use this PPT Template to guide you through the project closeout process. This template provides a project brief that represents the seven stages of project closure assessment: Handover to users, finalize procurement, write closure document, archive project, and handover to support. Use this presentation to provide a clear project closure plan to ensure your solution is correctly transitioned to the client or end-user. Get it now!
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Seal the professional tone of your work
Project closures provide the finishing touches to your work, confirming that objectives have been met. Use SlideTeam’s PowerPoint Templates to navigate the project management closing process, enabling the finalization and transfer of project deliverables to the client.
PS Check out our ready-made Project Completion Report framework to break your tasks into manageable chunks and reduce paperwork and redundancy.
FAQs ON PROJECT CLOSURE
What is project closure?
Project closure is the final stage of the project management lifecycle. It entails the team analyzing the deliverables and comparing and testing their quality to the anticipated project outcome before releasing work to the client. This phase ensures a complete examination and evaluation of all deliverables for effective project delivery.
What are the steps to project closure?
- Finalize and deliver project deliverables to the client.
- Obtain project deliverable approvals with official sign-offs from project stakeholders.
- Examine project paperwork to check that parties have been paid for their work and that there are no pending invoices
- Conduct a project performance review to determine the project’s performance in terms of cost, schedule, and quality.
- Finalize documents (contracts, project plans, scope outline, costs, timeline, and so on) and archive them for future reference.
What is a project closure checklist?
Project managers use a project closure checklist to analyze business outcomes at the end of a project. It is also known as a project closeout checklist, and it assists in ensuring that team members are aware of the required steps and are on the same page. This aids in reviewing project activities, such as actual performance vs baseline targets, unsolved difficulties, and lessons learnt during a project’s life cycle, ensuring that all procedures are completed and nothing is ignored.
