Based on order ID 85070BUS 419: Project estimating and budgeting Overview Imagine that you have completed the same project discussed in your Project Performance assignment. You exceeded the project...

Funville project
Funville project
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Brief summary of your chosen project
Funville party decoration is developed as a local website and physical store for growing the business. It includes required business name and planning that will help in evaluation of website options and implementation. It can help in storing and providing quality of decoration to customers at a reasonable price. The project can help in growing the business and people can visit the store to get desired items.
Analysis of the process to close out project
The project closure technique includes various steps that will help in ensuring that the project can be completed. The first step includes steps for closing the project along with transferring and finalization of the project deliverable to the client. The project plan includes identification of all deliverables for ensuring the project is complete. The next process includes a declaration of project that involves agreement for completion of the project. The confirmation of project completion required approval for project deliverables (Radujković & Sjekavica, 2017). After completion, project hand-off is received from the client for closing the contract. Resources of the project are released and it includes confirmation of final obligation and payment for releasing.
Challenges and strategy to address the challenges
Technical challenges include thorough agreement and identification of all remaining deliverables. It can result in losing the control of chances in the project and cause damage to the project budget. It can create hand-off issues in transition to tech support. Project team challenges include loss of team functionality with some members for completion of the task. It can lose interest in tasks like administrative and documentation work. It includes the fear of no future work team member and consultation for solving the issue. The challenges related with customer include agreement with outstanding commitments that exist. It can cause the absence of a clear hand-off strategy. It can create difficulty in agreeing on the sign off on the remaining punch-list issues.
To overcome project closure challenges, it is important to manage projects related to deadlines, budget, resources and tasks. It includes gathering of ore team for getting the feedback and building a catalog for offering historic data. It requires addressing outstanding payments and it will help in ensuring that all commissions, invoices and fees are paid. Every team should have experience and skills that are required for success of the project. Before closing the project, the archive of all documents should be stored in data and notes. It will help in keeping the paper trail of the work done on the project (Müller, Drouin & Sankaran, 2019). The project closure checklist includes project scope documents that are required to be created and it will help in ensuring that all requirements are met. It is important to ensure that all deliverables are headed off and signed by all stakeholders for getting approval. The project documents are required to be signed by the right person and include all outstanding agreements and contracts with information of vendors. Addition of all documents includes finalization of project reports that can be organized and the data can be used for future reference. The collected paperwork should be included for document and identification of lessons learned over the project along with the feedback of stakeholders.
Computer-based tool to manage project costs and scheduling
Hub planner is the project management tool that is suited for scheduling, reporting features and time entry of the project schedules. It includes core features that are usable and simple that allows the project and resource planning. The user can drop and drag the plan schedule and project resources. The tool offers a multi-function menu for providing dynamic team capacity bars. It provides a multiple view mode that allows high-level view of the project. It provides with the modular approach along with the option for...