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Chapter 1 (PMBOK Guide (Process Group (Closing (Finalize activities &…

- - - - Carry out work
    - - Track, Review, Regulate process
    - - Scope, Objs. Course of Action required
        
        What, why, how
    - - Finalize activities & close proj.
      - Formalize acceptance of deliverables
    - - Start new proj by asking authorization
  - - - Charter
      - PMGT Plan
      - Business Case
      - Benefits mgt plan
    - - End proj.
      - Move on to next phase with or w/o mod
      - Stay in phase
  - - - Used as basis of authorization
      - List obj. & reason of proj.
      - Assess
        
        Issues and Risks
        
        Opportunities and threats
        
        Business Probs
        
        Recommendations
        
        Situation prompter
        
        Situations
    - - Benefits: Things that provide value for org.
      - How & When benefits delivered/measured
      - Contains
        
        Risks
        
        Assumptions
        
        Metrics
        
        Owner of benefit
        
        Timeline for measuring benefits
        
        Strategic Alignment
        
        Target Benefits
  - - - Project pass through phases from start to end
        
        Give framework to manage proj.
        
        Either sequential, iterative, or overlapping
- - - - Duration finite (Does not mean short; some last 2yrs)
      - Not ongoing efforts
      - Definite start & end
      - Ends when
        
        Obj. cannot be met
        
        No need for proj.
        
        Obj. met
        
        Proj. cancelled from fund & legal reasons
      - Does not apply to deliverables
        
        Proj. undertaken so they have lasting outcome
    - - Products (Building)
      - Services (For existing operations)
      - Results (Survey, data collecting)
      - Uniqueness is impt
        
        Different owner, design, location, workers, contractors, etc
  - - - Unique
      - Repetitive
    - - Meet obj.
      - Sustain business
    - - Temporary
      - Ongoing
- - - - Money
      - Market Share
    - - Reputation
      - Trademarks
      - Goodwill
      - Brand recognition