When can you state that a project is closed?

The purpose of the closing phase in the project management lifecycle is to confirm completion of project deliverables to the satisfaction of the project sponsor, and to communicate final project disposition and status to all participants and stakeholders.

There are two parts to closing a project in Computing Services.

1.            First you finish all of the project work, as explained in the Closing a Project.

2.            Secondly, you close the project in TeamDynamix as explained below

 

a) At what point is a project represented as100% complete?

b) How does the project lead close financial transactions for the project?

c) What is the difference between a Closed Project and Deactivated project in TeamDynamix?

d) How does the project lead close a project in TeamDynamix?

 

For a Completed project, the project lead is responsible to:

Work with Resource Planning and Management (RP&M) to ensure all outstanding invoices have been posted to the project. If financial information remains to be posted, the project should stay Active.  Otherwise, the project lead should deactivate the project.

Close the project in TeamDynamix, which removes it from the Open Projects list. When closing the project in TD, submit a final status, comment and percentage complete. (Required)

 

 

when you got  aformal acceptance and closure sign off from the client or from project sponsor if it is internally

Project normally closed after its dateline of the negotiation or after the completion of the work.  Sometimes a project can be closed due to the course of time where the targeted objectives of it are failed and not implemented too.  This covers the things that should be done at the end of a project. The project should be formally de-commissioned (and resources freed up for allocation to other activities), follow on actions should be identified and the project itself be formally evaluated.  

It depends on Project it self, if you working in company project then the project will never end you will always update and fix.

but in other hand if your selling solutions then the project end when you reach the deadlines

Project is closed when the project manager has received acceptance from the project sponsor, conducted a post-project review, performed and documented lessons learned and archived all project related documents

Depends on the nature of the project.
Like an operations or managed services projects do not have a closure time line as they are evaluated on KPIs based normally on monthly basis.
However projects like roll out or other specific infrastructure development etc.
definitely has fixed mile stone and completion.
For such projects in my opinion we can finally state that the project is closed when the final acceptances are completed from the customer's side with signed documents, grantees are completed and all final payments are released giving the financial closure of the project.
Till even one of the areas something is pending we cant state the project as completely closed.

Closure approval from Sponsors.