Bring a project to an end required the different management style that focuses on detailed as well as analysis of the decision that were made. To closeout procurement contract The last stage of the project procurement cycle, includes the payment of the bills and closing the procurement contracts. Contracts With Suppliers Suppliers provide commodities that should meet the quality standard. The project team must check the record of deliveries made and determine that they are acceptable quality. If any items were rejected for poor quality, or not delivered , then the final payment adjustment accordingly. Punch Lists and Performance Test. If a vendor is providing services or building something for the project, there usually items that must be fixed or mistakes that must be corrected before the contract is completed. For example on a software the project performance tested is run on the software and usually by the people who are going to be using it and any performance expectation not met are noted. If the items were not in the scope of work and the owner want the work done, then the owner typically issues a change order. If the expectation were in the scope of work, the contractors is still responsible for completing the work and before the contract is close any minors items, repair are put in punch lists. Transfer to Customers or Sponsors If the products of the project is the building , software system, or something that must be operated or maintain by some one else, it must be turned over to the people who will be responsible for it after the project is complete when the project team met the goals of quality products and all the element is complete. The Final Payments The Final Payments is usually more than simple percentage of the work that remained to be completed. If the suppliers has met all the contractual obligation, including fixing problems and making repair as not on a punch lists, the project teams sign of on the contract and submit it to the accounting department for payment. The supplier is notified that the last payment is final and completes the contractual agreement between the supplier and the project organization. Post Project Evaluations Before the team is dissolved and begin to focuses on the next project, a review is conducted to capture the lesson learned from this project and often called lessons learned from meetings or documents. Quality management is process of continuous improvement that include learning from the past project and making changes to improve the next project and the process is documented as evidence that make quality management practice in use. Budget Management is reviewed to check the cost estimates cost of work schedule and compare with the actual cost Risk Mitigation After the project is finished, the estimate of risk can be reviewed and compared to the events that actually took placed. Did the event take place on the project, that were unforeseen? What causes exist? Was the project covered unforeseen risk? Risk Mitigation was a waste of money through cost of avoiding risk. Procurement Contract the performance of the suppliers and vendors are reviewed to determine if they can be given another contracts and be put in the list of qualified suppliers or vendors and to share the risk. The customer Satisfaction. The customer relationship with the client are reviewed and decision and conclusion he client meeting project alignment are discussed and the client are given the opportunity to share their ideas and satisfaction and identify area to improve and develop feedback on the project team performance. The Document Archive The documents that are associated with project must be stored in safe location where they can be retrieved for future references and these includes tax document and legal lawsuits policies documents and signed contract document. The following are the documents that are typically archived: Charter documents, scope statement, Original budget, change documents, DPCI- ratings, managers' summary lesson learned and Final DPCI rating. To close a contract project, the system is tested, materials are inspected and punched lists of work to be competed are made . The purpose of the post project review is to examined the decision that were made with partial knowledge with the way the project is actually developed to learned from the experience and improve on future decision. It is also used to identify processes that can be improved in future. The original document such as the charter, scope statement and budget are to be store. Documents developed during the project such as change agreement are stored. Post project review, including managers' a summary of the lessons learned and a final project profile description-DPI rating are saved. At the project closeout celebration, positive behavior is awarded for individual and group or clients or sponsor is invited to speak to enforced a sense of satisfaction.