Subtitles of the Movie

In this movie, we'll finish our review of the process groups by closing the loop with the closing process group. The purpose of the process group does a great job at clearly summarizing the intent; to finalize all activities in order to formally complete the project, phase or contract. To key words, formally and complete, exist in that purpose. Any time a project is coming to an end, whether because the objectives have been met or because it's being terminated early, the closing processes must always take place. There are just two processes: close project or phase and close procurements. Let's quickly go through them. The name of these two processes is very telling of the purpose. For instance, close project or phase literally wraps up the project or the phase depending on how it's being used. This process finalizes all the project activities in order to formally close out the project or the project phase. The result is the transition of the produce or the service to the customer. And the close procurements process is also as telling. Here we complete and settle the contracts. The project itself cannot be closed until the associated procurement contracts are formally completed and closed out as well. This would mean that in order to complete the project as a whole, this process, close procurements, must have been fully carried out. As you can see, we've already covered the basics of the closing process group through these two processes but another thing to keep in mind, which is covered in more detail within these processes, is a part of concluding a project is releasing the project resources, archiving project information and measuring customer satisfaction. The release of project resources should be detailed within the staffing management plan. Remember that we created this plan within the human resource-related process that fell in the planning process group. The staffing management plan is actually part of the human resource plan. And a final note on archiving project information: this should also include documenting lessons learned and archiving these lessons learned within the organization process assets. This information will be extremely valuable to future projects and to understand what went well and what didn't within this project. A large focus of the PMBOK Guide is on efficiency. Don't reinvent the wheel. Learn from the experience and make it better. Continue to build on what you already have. Keep this in the back of your mind as we go through any PMI-related course because this plays an ongoing role within the project management processes. And that concludes this movie on closing and overall review of the five project management process groups.