During the closure phase of a project, all deliverables have been accepted, and the project objectives have been met. The project manager wants to ensure a smooth transition and capture valuable information for future projects. What is the most appropriate action for the project manager to take next?
Celebrate the project's success with a team event.
Close all project contracts with vendors and suppliers.
Release the project team members to their functional managers.
Prepare a final project report and update lessons learned documentation.
The most appropriate action is to prepare a final project report and update lessons learned documentation. This formalizes the project's completion and provides insights that can improve future projects. While releasing team members, closing contracts, and celebrating are important, they do not directly contribute to capturing and transitioning valuable knowledge.
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CAPM
Project Management Fundamentals and Core Concepts
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