What does resource management ensure?
Right resources available at the right time via capacity planning and assignment.
A budgeting challenge noted.
Misalignment between project plans and FP&A consolidated budgets hampers tracking by work package.
Two collaboration tools for maintaining project information.
SharePoint and Google Drive.
One way advanced tech will help PMs.
AI/RPA automates manual updates and improves predictive estimation and risk ID.
Three major deliverables at closure.
Wrap-up, project audit, performance evaluation.
Five closure types.
Normal, premature, perpetual, failed, changed priority.
Two wrap-up activities.
Obtain customer acceptance and release resources/pay accounts.
One objective of a project audit.
Evaluate benefits delivered and identify improvements for future projects.
Why audits are often skipped.
They take time; people prefer moving to new work; participants may be reluctant.
Key step in an implementation review.
Hold a benefits realization meeting; document expected vs. realized benefits and archive.
What is contractual closure?
Formal confirmation both parties fulfilled contract terms and all invoices are paid.
