Question

A predictive project has just received formal acceptance of the final deliverable from the customer. The project used two external vendors under fixed-price contracts, and there are still open invoices and one unresolved claim with one vendor. The sponsor asks the project manager to close the project quickly so the team can be released. What should the project manager do FIRST?

Accepted Answer

Complete procurement (contract) closure, including settling open invoices and resolving the outstanding claim, before finalizing administrative closure.

Answer

Release the team immediately since the deliverable has been accepted, and let procurement handle the vendors separately.

Answer

Archive project artifacts and document lessons learned, then declare the project closed.

Answer

Obtain sponsor sign-off on the final report and close the project, deferring the vendor claim to operations.