Closeout documentation that follows a formal reporting structure,including analysis and documentation of the project's performance in terms of cost,schedule adherence,and technical specification performance,is:
A)Historical records.
B)Financial closeout.
C)Hierarchy reporting.
D)Post-project analysis.

Question

Quizplus · Accepted Answer

The closeout documentation that follows a formal reporting structure, including analysis and documentation of the project's performance in terms of cost, schedule adherence, and technical specification performance is called post-project analysis. This is done after the project is completed to evaluate its performance against the established criteria. This analysis is important in identifying areas of improvement and lessons learned for future projects. A hierarchy reporting is a reporting structure that shows the levels of authority in an organization. Historical records are documents that provide information about past events or transactions. Financial closeout is the process of completing all financial transactions and closing the project's account after it is completed. None of these options fully capture the described documentation format.

Closeout Documentation That Follows a Formal Reporting Structure,including Analysis and Documentation