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Project MGMT- Chp 14
Terms in this set (23)
What are some common finishing issues?
1) Open Items
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?
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
2) A financial benefits case (ROI)
1) Establish behavior rules
2) Describe objectively what occurred
3) Fix the problem, not the blame
Misidentifying systematic errors
What needs to be done during closeout paperwork?
Final Reports Elements?
Project MGMT Techniques
Benefits to the Organization and Customer
Last step of termination?
Disbanding the team
Project is complete (success or unsuccessful)
Project is institutionalized as part of the parent organization
Project resources are integrated back into organization structure
Project kept on file but funding removed
When are closeouts more difficult?
With successful projects
Why projects terminate before finishing?
Strategic priority shifts
2 Early Warning Signs of Project Failure
1) External / Commercial
2) Policy / Internal
Two Types of Claims?
Default by the project company (contractor)
2 Ways to Resolve Claims / Disputes?
2) Standard litigaiton
THIS SET IS OFTEN IN FOLDERS WITH...
Project MGMT- Chp 7
Project MGMT: Chp 8
Project MGMT- Chp 13
Project MGMT- Chp 10
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