Objectives of Closing a Project Process

B.

The "Closing a Project" process is the final stage of a project in the PRINCE2 project management methodology. It aims to provide a formal conclusion to the project and verify that all objectives have been met.

Among the objectives of the "Closing a Project" process are:

A. To provide corporate management with an interface to the project: This means that the project manager will present the final product of the project to the higher-ups in the organization, such as the stakeholders or the sponsor. It's essential to ensure that everyone involved in the project is satisfied with the outcome and that all the requirements were met.

B. To ensure the project's delivery will be within set tolerances: This objective is related to the project's original scope, budget, and timeline. The project manager needs to verify that the project was completed within the predetermined limits to ensure that all parties involved are satisfied with the project's outcome.

C. To seek approval to replace the project or stage plan: This objective is related to the possibility of replacing the current project or stage plan with a new one. The project manager needs to assess the current project and identify if it can be improved or if a new project is necessary. If a new project is needed, the project manager will seek approval for it.

D. To assess the benefits that have already been realized: This objective is related to measuring the project's success in terms of benefits. The project manager will verify that all the benefits outlined in the business case have been achieved. If some benefits were not achieved, the project manager needs to investigate why and find a solution to achieve them.

In summary, the "Closing a Project" process aims to provide a formal conclusion to the project and verify that all objectives have been met. The objectives of the process include providing corporate management with an interface to the project, ensuring the project's delivery is within set tolerances, seeking approval to replace the project or stage plan, and assessing the benefits that have already been realized.