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Project MGMT- Chp 14

Terms in this set (23)

What are some common finishing issues?
1) Open Items
2) Punch-List
3) Phase 2 requirements
4) Project review after stabilization (reporting and feedback)
Who do Handover Meeting take place?
Stakeholders and specialized departments
Objective of Handover
Integrate with normal company policies and procedures
BOT (Build-Operate-Transfer) Projects: Example?
Build a toll road
Builder possesses and operates toll road
Tolls flow through builder for "x" time period
Toll road transfers over to gov't after "x" time period for free
Definition: Asymmetric Information
The project lead and team members know much more about the project than the person that needs to sign off
When should signoff process start?
Early!
Who should signoff process involve?
Trusted team members
What should be reviewed during signoff process?
SOW / Charter
How to measure benefits on project?
1) Subjective criteria
or
2) A financial benefits case (ROI)
Meeting Guidelines?
1) Establish behavior rules
2) Describe objectively what occurred
3) Fix the problem, not the blame
Common Errors?
Misidentifying systematic errors
What needs to be done during closeout paperwork?
1) Documentation
2) Legal
3) Cost
4) Personnel
Final Reports Elements?
Project Performance
Administrative Performance
Organizational Structure
Team Performance
Project MGMT Techniques
Benefits to the Organization and Customer
Last step of termination?
Disbanding the team
Definition: Extinction
Project is complete (success or unsuccessful)
Definition: Addition
Project is institutionalized as part of the parent organization
Definition: Integration
Project resources are integrated back into organization structure
Definition: Starvation
Project kept on file but funding removed
When are closeouts more difficult?
With successful projects
Why projects terminate before finishing?
Tech changes
Organization changes
Strategic priority shifts
Legal changes
Market changes
2 Early Warning Signs of Project Failure
1) External / Commercial
2) Policy / Internal
Two Types of Claims?
Ex-gratia claims
Default by the project company (contractor)
2 Ways to Resolve Claims / Disputes?
1) Arbitration
2) Standard litigaiton
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