A Review of Trend Analysis for Project Closing Out

Project closeout is the period between the end of construction and when a contract is finalized. During closeout, resources are held in encumbered funds intended for the project and in the contractor?s bonding capacity. When you start a new project, there are many changes until end of the project. And, this process of change is still too long for some projects. Limits for predicted resources and the time is exceeded. Such cases, generally it is too late to make a decision for closing the project that is successful or failure. This study was carried out a literature review related to the closing phase and an end analysis for closing process formula for taking a decision at the right time and the right way has been established.