Understanding the Project Close Process

As the project approaches its scheduled completion date, you must review the project information to identify activities that still need to be performed for the project. Ensure that all manufacturing and purchasing activities have been either completed or canceled, and that all products that must be delivered to the customer have been shipped.

If the project has an interface with the JD Edwards EnterpriseOne Job Cost system, you can use Job Cost reports and batch programs to create financial reports for analysis and profit recognition.

To close a project formally, you use the Close Project option on the Form menu of the Project Workbench form. Choosing the Close Project option automatically starts the Project Close Analyzer program (R31P403), which determines whether the system has all of the information that it needs to close the project. After you close the project, the project status changes to Closed. You can verify this information on the Project Status of the Add/Revise Project program (P31P011).