DEVRY PROJ 410 Week 7 DQ 2

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DEVRY PROJ 410 Week 7 DQ 2

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• One of the most frustrating aspects of contract
  management to customers/clients is the length of
  time that it commonly takes to close out a
  project (from an administrative standpoint) after
  most or all of the contract scope of work has
  been completed. The closeout is the fourth phase
  in the generic project life cycle where all
  outstanding contractual issues are completed and
  documented in preparation for turning over the
  product or service to the customer. What are some
  of the activities that need to be performed as
  part of the contract closeout functions? What do
  you think are some of the factors that cause such
  a length in delay in the closure of the
  project/contract?
• Closeout is completed when all administrative
  actions have been completed, all disputes
  settled, and final payment has been made.
• Who do you think typically drags out the
  close-out process, the owner or the vendor?
  Support your answer.

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• Another problem that often arises is that the
  Project Manager is assigned to a new
  project/contract during the close-out phase, and
  naturally he/she becomes more preoccupied with
  the new assignment. Have you heard the term
  "Close-out Managers" in any of your PM courses?
  If yes, what do you recall is the role of these
  managers? If you have not heard the term before,
  what do you think it refers to?
• What is a close-out function or responsibility
  (i.e., something that needs to get done) that is
  often overlooked or forgotten?