Engagement Wrap-Up Process for Closure PPT
This PPT slide, part of the 30-slide How to Run a Consulting Project PowerPoint presentation, outlines a structured approach to the engagement wrap-up process in North America, emphasizing the importance of meticulous attention to detail during the final stages of a project. It is divided into 3 main sections: Submit Final Paperwork, Zero-out Final Job Balance, and Close Job. Each section contains specific tasks that need to be completed to ensure the project is concluded effectively and remains within budget.
In the first section, "Submit Final Paperwork," the focus is on reviewing the job balance, verifying that there are no outstanding backlogs, processing the final bill, and collecting on any outstanding invoices. This step is crucial for ensuring that all financial aspects are accounted for before moving on.
The second section, "Zero-out Final Job Balance," involves developing a rationale for adjusting the final job balance to zero. This includes discussions on whether the final balance should be written off as a credit or a debit. This step is essential to maintain accurate financial records and provide clarity on the project's financial outcome.
The final section, "Close Job," lists the tasks necessary for formally closing the project. This includes closing the job number, closing the business development number, and conducting a final Client Quality Management Assessment (CQMA). These actions are vital for ensuring that all aspects of the project are finalized and documented.
The slide also includes best practices, such as reconciling inventory account balances monthly and ensuring that all incurred costs are accounted for in the final bill. These practices serve as guidelines to enhance the efficiency and accuracy of the wrap-up process, ultimately leading to better project management outcomes.
This slide is part of the How to Run a Consulting Project PowerPoint presentation.
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Consulting Project Management Quality Management Project Management Best Practices Business Development
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