Six Sigma Green Belt Certification Practice Exam 2025 - Free Six Sigma Practice Questions and Study Guide

Project closure is a critical phase in project management where the team's final outputs and results are evaluated and documented. A key activity involved in this phase is the review of opportunities. This entails assessing the project's overall impact, identifying lessons learned, and recognizing any potential opportunities for improvement or future projects.

During this review, stakeholders gather to discuss what went well and what could be enhanced in future endeavors. This reflective practice helps in cementing best practices and avoiding past mistakes in subsequent projects, ultimately leading to more successful outcomes.

In contrast, value stream mapping focuses on analyzing flow and efficiency within processes, while a feasibility study assesses whether a proposed project is viable before it begins. SWOT analysis, on the other hand, is a strategic planning tool used to identify strengths, weaknesses, opportunities, and threats of a project or organization, typically applied during the planning phase rather than at closure.

Thus, the review of opportunities provides valuable insights and contributes to continuous improvement, making it an essential part of closing out a project effectively.