Project Management Fundamentals - Coursework Solution - Semester 1

This project management assignment solution delves into key aspects of project management, focusing on the significance of lesson learned documents and project close-out strategies. The solution emphasizes the importance of sharing lesson learned documents with vendors to gather comprehensive insights throughout the project lifecycle. It highlights how this approach enables early identification of valuable information and continuous improvement. Furthermore, the assignment addresses project close-out procedures, emphasizing the need for a checklist to ensure all project phases are completed successfully and to address any remaining issues. The solution underlines the role of the project manager in guiding the team through the completion of the project, ensuring that all stakeholders are informed and that the project scope and business requirements are fully met. The provided solution references relevant literature to support its claims.

Running Head: PROJECT MANAGEMENT BUSINESS FUNDERMENTALS PM
PROJECT MANAGEMENT BUSINESS FUNDERMENTALS PM
(Student Name)
(Tutor’s Title)
(Course Title)
(Date)

PROJECT MANAGEMENT BUSINESS FUNDERMENTALS PM 2
Question one
Project stakeholders gather lesson learned documents to store the assets of a company.
Every week, lesson learned documents are updated as a project progresses. It is also important to
note that both finance and procurement assist project managers with closing out contracts and
invoices. It is important to share lesson learned documents with the vendors. This ensures
getting more information about the project via contract close-out report which can only be found
from the vendors. Also it provides project stakeholders with a platform of interviewing the
vendors about their experience on working with the project. The point here is having a broad
spectrum of input for the lessons learned document. Also by sharing lesson learned document
with the vendors, one does not have to wait until the project is finished to collect lessons learnt
information; one is able to gather information at the end of each phase in a project from the
vendors (Hobbs, 2015).
Question two
Project close-out finalizes project activities completed across all the phases of a project.
Most project managers might think that after meeting project milestones, it is time to reward the
project team but this is not case. A project manager needs to provide a close out checklist to the
project stakeholders as it is part of project closure strategy. Second, by providing a checklist to
the project stakeholders, the project manager is able to keep the team focused as the project nears
completion. Third, by providing a checklist to the stakeholders, a project manager might be able
to tie loose ends; in here a checklist assists in addressing project loopholes like minor bugs. A
checklist also assists in the final review of business requirements and project scope (Heerkens,
2015).

PROJECT MANAGEMENT BUSINESS FUNDERMENTALS PM 3
References
Heerkens, G. R. (2015). Project management. Mcgraw-Hill Education.
Hobbs, P. (2015). Project management. New York: DK publishing.