How to Formally Close a Project
What you'll learn
- Learn the step by step process to doing a formal closing and also how it benefits the organization and project managers
- Closing build value reports and is valuable data for the organization and future project managers to learn from
- Closing is where the actual handover of deliverable happens
- Closing is the most misunderstood part of a project
- Knowledge of project management
This course will teach you first and foremost, why we even want to make the effort to properly close projects. How it benefits project managers and the organization. Then, you will also learn how to actually DO it. The step by step sequence, using my CUSTOM chart, which breaks down the activities into the tiny components we need to complete.
Closing of a project is the most ignored part of project management, because it is the most misunderstood part of project management. But closing promotes project knowledge transfer and the build up of historical files at the organization. New project managers, learn from the final reports created during closing domain. The data is also a value for the organization. A very important one to improve good project management and maximize the value in return from the projects. Closing of a project, is where project deliverables are formally handed over to the customer. Receipts are issued, payments are finalized and sometimes procurement is closed in the closing phase.
This course is relevant and important for all the people who are running projects, participating in projects, Project management office, decision makers on project selection, portfolio managers and program managers.
This is an important course for a project manager and the organization to learn from.
Who this course is for:
- Project managers, business analysts, director, PMO , people who work in projects or are responsible for projects in an organization, portfolio manager,program manager, project coordinator
Hajara AlAmodi, SFPC, PMP
· “I am an experienced value investor, a valuation and fundraising and project management educator and advisor.
· Instructor at UNIVERSITY OF CALIFORNIA, BERKELEY
· Chief Project Officer at Teqlogica Corporation, a software and security services company. I have done many projects in software implementation, integration, business continuity, disaster recovery, service delivery etc. I also am a real estate investor and developer and have done residential, infrastructure and commercial projects.
. I having been practicing and teaching value investment principles and concepts for many years and I come from Benjamin Graham, David Dodd, Warren Buffett and Charlie Munger school of thought. Through trials and errors and education, I learned that value investment philosophy is the most time proven and it works.
· As an entrepreneur working in the investment world I get to see many founders and learn about their businesses. I teach them the project management skills . It is important for founders to know about project management skills. Because GOOD businesses are not just about a great idea but there is a process to it. Those who understood it, have created MULTI million dollar businesses.
. I teach founders how to come up with a value for their business and secure the RIGHT type of funding. Knowing your numbers before you meet an investor is critical. Unfortunately, many business owners have either no idea about the valuation of their business or value it right off the charts! ”
· I believe in working in a projectized manner, because it is cost effective and helps me realize benefits and value sooner and better. Project management is relevant to all parts of life.
Hajara AlAmodi is an investor. She is also the founder and chief in charge of Al Amodi Avenues, an investment and business valuation advisory business. She has spend her career at the intersection of business, project management and investing. She was the founder of a software services company in the USA, named Waadi Corporation. Hajara ran large scale technology projects for companies in IT, transport, finance, services. She has an ability to identify lucrative investment opportunities in businesses. Her experience and understanding of how to build businesses from ground zero, has many founders reaching out to her for advice.
She sat on the board of international companies in finance, venture capital, private equity, e- learning, real estate, education and research such as Vivacity Global in Nigeria, Comfort homes builders in India Teqlogica in USA, Red Perit in USA and Faster Capital in UAE. She is the co-founder of The startup council, a technology incubator, helping minorities in USA. She Co Chaired, the campaign for 2020 Women on Boards in Chicago, which is focused on increasing diversity on corporate boards. She is also an advisor at 1871 - technology incubator in Chicago, in valuation and fundraising.
Hajara was recognized as a top ‘director to watch’ by The Private Director Association in 2019 and nominated on the top 100 people in Finance 2020. She is often invited to speak on project management, business growth & investment management. She also is a project management lecturer, who helps students learn and apply project management techniques, to their businesses and projects She says, it is a structured way to minimize risks and maximize ROI.