1. Purpose of the gate
Project close-out ends the construction and start-up project and hands the fab to operations. Capital spend is reconciled against the budget, contracts are closed, as-built drawings and records are handed over, incentive milestones are reported, and lessons are recorded for the next phase or fab.
Close-out also moves long-lived obligations from the project to operations: the permit and obligations register, warranty terms, supplier agreements and the records auditors and funding bodies may ask for years later. A project team that disperses before this is done leaves obligations without owners.
11 more sections for registered members.