Project Knowledge Sharing - Closure

Closures  -  2016-04-04

Closure of the contract is as important as execution. It also needs competency. All the project organizations should have Post-Project departments who should be responsible for the same. Its major role is:

1) Monitoring closure of contracts 

2) Monitoring balance payments of contractors

3) Transferring of the project into the Operation department 

4) Closure of the project 

5) Closure ceremony, including awards to best performers 

6) Closure

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