What is the difference between a closeout report and an impact report?

What is the difference between a closeout report and an impact report?

Or

How does a closeout report differ from an impact report?

  • A closeout report demonstrates to the project manager if the team followed the proposed budget. An impact report demonstrates how much it cost overall to finish the project.
  • A closeout report is written for future stakeholders to describe the details of the project. An impact report is written for senior stakeholders to get an overview of the project in its closing.
  • A closeout report is written for the project manager to document the steps of the project. An impact report is written for stakeholders to have documentation of the steps in the project.
  • A closeout report demonstrates to the project manager that the timeline has ended. An impact report indicates to the stakeholders that the project manager has followed the timeline.

A closeout report assesses whether the project team adhered to the proposed budget, while an impact report focuses on the overall cost incurred to complete the project.

A closeout report is intended for future stakeholders and provides detailed project information, whereas an impact report is crafted for senior stakeholders to summarize the project as it concludes.

A closeout report is prepared for the project manager to document the project’s procedural steps. In contrast, an impact report is created for stakeholders to have a record of the project’s progression.

A closeout report signifies the conclusion of the project timeline to the project manager. In contrast, an impact report demonstrates to stakeholders that the project manager has adhered to the established timeline.

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