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.
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Write My Essay For Me!Who do you think typically drags out the close-out process, the owner or the vendor? Support your answer.
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?
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