Common use of Project closure Clause in Contracts

Project closure. All projects will be required to produce a project closure report at the end of the project, which demonstrates that:  all activities have been delivered in accordance with the offer letter;  all funding has been spent appropriately in line with the projected financial profile for the project;  there are no outstanding risks or action that need to be taken to sign the project off (by the account/contract manager); and  all relevant outputs and key milestones have been achieved. Following the delivery of the project closure report, all applicants that have received SIF funding will be required to complete a benefits realisation report (within 3 months of completion) to measure the impact of the investment and identify lessons learnt for future projects.

Appears in 3 contracts

Samples: Single Investment Fund Assurance Framework, Single Investment Fund Assurance Framework, Single Investment Fund Assurance Framework

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Project closure. All projects will be required to produce a project closure report at the end of the project, which demonstrates that: all activities have been delivered in accordance with the offer letter; all funding has been spent appropriately in line with the projected financial profile for the project; there are no outstanding risks or action that need to be taken to sign the project off (by the account/contract manager); and all relevant outputs and key milestones have been achieved. Following the delivery of the project closure report, all applicants that have received SIF funding will be required to complete a benefits realisation report (within 3 months of completion) to measure the impact of the investment and identify lessons learnt for future projects.

Appears in 1 contract

Samples: Single Investment Fund Assurance Framework

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