Chapter 1: Closing Your Contracts and Your Project

Exam Objectives

Confirm that the project scope and deliverables are complete by attaining final acceptance by the project sponsor and customer.

Facilitate project closure by transferring ownership and management of project deliverables.

Formally close the project and all contracts by obtaining legal, financial, and administrative closure, thus eliminating further liability.

Write the final project report that communicates final project performance including any variances and project issues. Distribute to appropriate stakeholders.

Conduct a thorough project review to collect and document lessons learned and contribute them to the organization's knowledge base.