Assignment:
In the Project Management Lifecycle, the maturity phase can be the most difficult since as projects near completion there is a tendency to look for cost reductions or people are redirected to work on another project. Closing a project that is coming to completion or deciding to terminate a failing project early can lead to inefficiencies. The project manager's goal in all cases should be to minimize wasted effort or loss of time and ensure successful closure of the project.
Based on research using credible project management websites (such as PMI.org),
- Describe the different methods for closing or terminating a project.
- Describe and evaluate some of the best practices companies should use for ending a project based on examples you found in your research.
- Describe what can make closing a project difficult and make recommendations as to what can be done to mitigate those difficulties.
Write your answer in 300 to 400 words.