As projects draw to a close, the Project Manager needs to ensure that all loose ends are taken care of, documents are filed properly, invoices are paid, team performance is evaluated, and knowledge that was gained by doing the project is captured.

Running Case:

Global Treps: Many people are familiar with the television show called Shark Tank, where entrepreneurs (sometimes called "treps") present their business ideas to a group of investors or sharks. Several colleges, high schools, and even elementary schools worldwide hold unique versions of a shark tank-like event. You believe that creating a non- Profit organizations with one central mobile-friendly website/application to assist groups in organizing these types of events would spark even more entrepreneurs throughout the world. You would plan to hold several shark tank-like events during the project term

and make a site and applications to help continue developing more global treps. This site/ application would include the following capabilities:

- Provide guidelines and templates for running a shark tank type of event.

- Accept donations from potential investors targeted toward specific schools or organizations wishing to host an event (similar to the popular www.donorschoose.org site where people can fund teachers' requests).

- Accept ideas for needed new products or services.

- Provide the ability for organizations to create their own custom site to solicit local participants and sharks, accept applications, and promote the winners and losers.

- Research ideas for a mechanism where a certain percentage of all donations and profits earned by contestants are donated back to the Global Treps organization.

- Provide an online version of the events by showing videos of contestants and live reactions of the sharks while also getting live inputs and donations from viewers.

QUESTION: If you were the Project Manager for the Global Treps project,briefly describe at least four things you would do as part of the project's closing. Be sure to cite at least two sources.