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The fifth project administration section is project closure, during which the final project deliverables are offered on the stakeholders. At the time permitted, means are unveiled, documentation is accomplished and all the things is signed off on.

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This technique was invented to improve producing procedures and became an important project management methodology with the years.

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Priorities: Elements that impression the buy on the project which includes dependencies concerning project actions.

Project managers are to blame for organizing and executing a project alongside with the project crew to make the desired deliverable and satisfy stakeholder expectations.

Business situation: A business case justifies the necessity to the project, my response project objectives and return on investment decision.

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The fourth project management phase, project monitoring and Handle, takes spot concurrently with the execution phase of the project.