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Monitoring and Control This phase runs concurrently with execution and involves tracking the project’s progress. Key activities include: • Measuring project performance against the project plan. • Identifying any deviations from the plan and implementing corrective actions. • Ensuring that project objectives are being met and that the project stays on schedule and within budget.
20XX
9
Project Closure In the last project management life cycle phase, all the activities related to its completion are concluded. These may involve the submission of a final deliverable, fulfilling contractual obligations, terminating relevant agreements, and releasing project resources. The causes of a project closure can be completion, cancellation, termination, or transfer to a new organization. The documentation required to complete project closure will differ depending on the situation. In this phase, the project manager communicates the final project disposition and status to all stakeholders. This phase also ensures to inform participants and stakeholders of any follow-on activities or continuing product life cycle so they can communicate and coordinate with the people in charge.
20XX
10
5
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