The Stage Of A Project - 971 Words

4.6 Stage 6- Close Out and Evaluation Description: 4.6.1 Project closeout: It is the final stage of a project during which the stakeholders signify full acceptance of the project’s completion, without outstanding reservations, and in so doing accept that project funding is no longer available. †¢ Prerequisites for closeout include: The plant, facility, addition or alteration (i.e. the project) is commissioned and any needed Performance Test completed; †¢ Deficiencies identified at the Mechanical Completion stage, or subsequently, have all been corrected / resolved; †¢ All drawings have been completed to As-Built status †¢ The Hand-over Acceptance Certificate has been signed by the Business Unit. 4.6.2 Evaluation: Evaluation is the process of comparing actual performance factors against the design basis and cost estimate established during DBM development. The evaluation is conducted to confirm that the project has satisfied the deliverables expressed in the Project Charter and the Business Case. †¢ Elements evaluated include: †¢ Production Rate †¢ Product Quality †¢ Ease of Start-up and Operation †¢ Operating Flexibility †¢ Return on Investment †¢ Project Cost †¢ Project Completion Date †¢ Safety Statistics A key deliverable from the evaluation process is Lessons Learned. Typically this phase includes one stage, and its corresponding gate review: The Close-out (CO) stage and Gate 6. 5. Front End Loading (FEL) Stage Description: Front End Loading is a term toShow MoreRelatedStages Of The Remediation Project1304 Words   |  6 Pages5.1 Stage one - Initiation The remediation plan consist of three stages; stage one - initiation, stage two - remediation, and stage three - monitoring. Each stages will have specific activities and goals that would aid to accomplish the overall objective of the remediation project. In stage 1- initiation, large amounts of resources and time are used for the follow activity: - Gather information from communities and stakeholders, - Executing and completing environmental assessments, - AttainmentRead MorePlanning Stage Of A Project Essay1803 Words   |  8 Pagesplanning stage of a project is establishing the activities that are necessary to complete the endeavor and defining the resources. This segment of the planning process is crucial in refining the manner in which the work will be completed, as well as delineating the time, resources, and cost of the undertaking. A project manager also designs the system that will be utilized to communicate, monitor, and maintain the project. By creating the activity, communication, and resource structures, a project managerRead MoreKey Stages Of The Project Cycle1109 Words   |  5 PagesExplain the four (4) key stages of the project cycle. Your response MUST describe the key activities involved in EACH stage: Stage 1:Initiation: Develop a business case which describes the business opportunity or issue and present to management. Once approved, then commence feasibility study to research the issue/opportunity and possible solutions. Document solutions and decide upon preferred option. Identify objectives and scope of solutions. Document all project deliverables and impact onRead MoreProject On Chassis Assembly And Its Stages8454 Words   |  34 PagesPROJECT On Chassis Assembly and Its Stages Submitted to AMITY SCHOOL OF ENGINEERING AND TECHNOLOGY Guided by: Submitted by: Mr Raman Kumar Varun Agarwal Sr. Officer Read MoreThe Importance Of A Quality Project At An Early Stage Essay785 Words   |  4 Pagescapable of outlining their explicit requirements accurately in a project brief. They will also be well aware that any changes during detailed design, or even worse during construction, could have a detrimental effect on the project, possibly extending the project competition date or even requiring a revised planning application and will almost certainly carry an extra cost (see Figure 2). ‘Figure 2: Changes during later stages of the project are likely to be more costly than at the outset.’ (CIB, 1999Read MoreEffective Project Planning And Control At This Stage Project Management1349 Words   |  6 Pages Level 3: Managed Stage At this stage project related datas are collected across the organisation for proper project planning and control. More systematic approach is carried out to plan and control at this stage. Level 4: Integrated Stage The gathered information is carefully evaluated and analysed. PM data and processes are integrated. PM steps and regulation are used throughout the organization with all projects, which help to handle multiple project control and success in a professional mannerRead MoreProject Auditing is Evaluating the Stages During the Life Cycle of a Project936 Words   |  4 PagesProject auditing is designed to conduct an evaluation at a number of stages during the life cycle of the project. Even though a project will be evaluated at the end as part of the post control, an audit will help identify if the processes are being followed and are the resources and revenue being utilized throughout the project. A project audit can be a formal or less than formal investigation in any area of the project. Purposes are generated for an evaluation and there is an extent on how theyRead MoreThe Cardinal Stage Company And Bloomington Playwrights Project1433 Words   |  6 PagesBased on our visits to the Cardinal Stage Company and Bloomington Playwrights Project, we have more understanding at those two theatre organizations. Even though they have differences but we can still see the similarities they have which are they all have good management skills and have leaders who have great visions. Therefore, it is not hard to figure out that leadership plays a vital role and is extremely necessary for nonprofit theatre organizations to have good leader. There are different typesRead MoreThe Cardinal Stage Company And Bloomington Playwrights Project1433 Words   |  6 PagesBased on our visits to the Cardinal Stage Company and Bloomington Playwrights Project, we have more understanding at those two theatre organizations. Even though they have differences but we can still see the similarities they have which are they all have good management skills and have leaders who have great visions. Therefore, it is not hard to figure out that leadership plays a vital role and is extremely necessary for nonprofit theatre organizations to have good leader. There are different typesRead MoreThe Project Management Methodology For A Stage Boundary Process2276 Words   |  10 Pagesdiscuss the project management methodology Prince2. This report will include what Prince2 is and its elements, the purpose and characteristics of Prince 2 and also the quality theme and the managing a stage boundary process will be discussed and how they are used to address key project management issues. 2. Prince2 Prince2 is an acronym for PRojects IN Controlled Environments (Prince2.com, n.d.). It is a process-based approach and a structured project management method that allows projects to be managed