The curve of cumulative project cost plotted against time, which, in practice, typically follows the shape of the letter "S": the beginning represents a slow, deliberate but accelerating start, while the end represents a deceleration as the work runs out.
Project Closure Phase
The project Closure Phase is the last phase of a Project. It starts upon completion of all Project Objectives and acceptance of the end product by the customer. Having a formal closure is the key to avoid disputes with a customer or with an internal client and it helps improve the efficiency of the next projects.
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