This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- The Closing a Project process provides a fixed point to confirm project objectives have been met and products are accepted.

- The Project Manager recommends closure, but only the Project Board has the authority to authorize it, a common exam question.

- Key outputs include the End Project Report, the Lessons Report, Follow-on Action Recommendations, and the updated Benefits Review Plan.

- A frequent exam trap is confusing the update of the Benefits Review Plan during closure with the actual review of benefits, which often happens post-project.

- Remember the core activities with the mnemonic PHEAR: Prepare closure, Hand over products, Evaluate the project, And Recommend closure.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep