Question

The ________ phase in a project involves documenting lessons learned from the project, so that the experience is useful to other project teams and adds to the organization's knowledge base.
A) executing
B) planning
C) closing
D) initiating

Answer 1

Answer:

C. Closing

Explanation:

Closing phase is the process of concluding all activities for a project, phase, or contract.  The key benefits of this are the project or phase information is archived, the planned work is completed, and organisational team resources are released to pursue new endeavours.  This process is performed once or at predefined points in the project.

The activities necessary for the administrative closure of the project or phase include:

Actions necessary to satisfy completion or exit criteria for the closing phase of a project are :

• Ensuring that all documents are up-to-date and that all issues are resolved;

• Confirming the delivery and formal acceptance of project by the client;

• Ensuring that all costs are charged to the project;

• Closing project accounts;