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, specifically focusing on the financial aspects of closing a project in North America. The primary objective is to ensure that all financial elements are accurately accounted for, thereby maintaining budgetary compliance.

The process is divided into 3 key phases: submitting final paperwork, zeroing out the final job balance, and closing the job. Each phase includes specific actions that need to be taken.

In the first phase, "Submit Final Paperwork," the emphasis is on reviewing the job balance, verifying that there are no outstanding tasks, processing the final bill, and collecting any unpaid invoices. This step is critical as it lays the groundwork for the subsequent financial reconciliation.

The second phase, "Zero-out final job balance," involves a detailed discussion about adjusting the final job balance to zero. It highlights the importance of documenting any write-ups or write-offs. This ensures that the financial records reflect the true state of the project, avoiding discrepancies that could lead to budget overruns.

Finally, the "Close Job" phase encapsulates the final steps needed to officially conclude the project. This includes closing job numbers, business development numbers, and conducting a final CQMA (Quality Management Assessment).

The slide also includes a note advising that while these tasks can be delegated to a finance representative, it is crucial for the project manager to understand the process and its implications fully. This insight emphasizes the importance of oversight in financial matters, ensuring that all aspects are properly managed and accounted for.

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Consulting Project Management Quality Management Business Development Compliance