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Every project has to be formally concluded [23].

You have to

  • get customer approval of work or services performed,
  • calculate the cost of the project and wind up commercial controlling,
  • document knowledge for the next project and
  • if your project has autonomous management structures, you have to officially dissolve the project team and relinquish your authority.

Call your project team together for one last meeting and thank them for their hard work. Combine this meeting with a final meal or party together (on a suitable scale for the size and significance of the project).

Ask the members of your team what things they would leave unchanged and what things they would do differently in future.

Procedures after the project close-out
You can use the knowledge that you have gained in your project for the next project. Ensure that any procedural instructions, templates and documents are adapted.