Monday, September 19, 2011

What are the major activities for Contract Closure?

The major activities for Contract Closure include:

  • Creating and delivering legal documents such as release of lien documents and formal acceptance letter.
  • Project Archives for Contract File including:
    - Contract
    - Changes
    - Submittals from the seller
    - Seller Performance Reports
    - Financial information
    - Inspection results
    - Lesson Learned


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Vince said...

The post implementation report is always likely to be one that is skipped by project management as it is only chargeable within the overall contract. However it is highly valuable. I've learned this during my online pmp training.

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PMGuy said...

PMBOK Guide 5th Edition is released now. Even though new edition of the book is out, PMI is still following the PMBOK Guide 4th edition for the PMP exam until July 31, 2013. All PMP training and study guide providers are in the process of updating their materials for upcoming change. New versions of the PMP 35 Contact Hour Trainings will be available sometime in June. But if you are preparing for the PMP exam now, it is highly recommended that you take it before July 31st using PMBOK Guide 4th Edition. This will give you access to a lot of PMP Exam lessons learned and other study aids.

Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)