Challenges in closing a project development (Is the end always the end or a new beginning)
When a project matures and you see it as conclusion of a project, it actually is not closing of the project. It is like an inauguration of a new project. An accomplished project gives ideas of new projects where data can be used as a record for the upcoming projects. Fiscally, it helps in scheming fertility of the project and business. It helps in determining budgets and project estimates for probable projects. A matured project acts as raw material for the subsequent projects. Thus closure of a project is remains a challenge in the industry.
A sapling is planted, nurtured with care, unwearyingly waited to cultivate and then the tree bears flora and sweet fruits.
Conglomerates also operate in an analogous style where the trees are the projects and they are to be given proper assistance and effective resources and expertise. A well accomplished project is the fruit that we avail. And outcome, identification and position of the firm are the fruits of the project.
Projects are the bread and butter of a firm. For a diminutive firm an effective outcome escorts to client generation and growth whereas for a huge company, projects are for revenue generation and brand building. But in both the situations vital component remains to be effective project completion. Projects are stepping stones for firm’s success.
When you begin to see the final tasks coming into focus, it is perceived a signal to ease off of the project team and the project. Thus the project managers are handed all the accountability for the rest of the project without any surveillance. This is where the managers overlook that an accomplished project sets as a point of reference for the imminent projects.
It involves many troubles, hindrances and risks at different levels of the project. Thus, one of the major concerns is project closure and it is rightly said that first and last impression makes an impact.
Xminds Infotech Pvt. Ltd. | www.xminds.com
Join Us on Facebook
Connect with us on LinkedIn