How does the RME approach project closeout?

• A. Verify deliverables, finalize accounting, obtain sign-offs, and archive project documentation.
• B. Verify deliverables, complete final accounting, obtain sign-offs, and archive project documentation.
• C. Ignore final accounting.
• D. Start a new project before closeout.

Answer: (B)

Closing a project under the RME approach means bringing every aspect to a formal, documented finish. The essential steps are to confirm that all deliverables are completed and meet the agreed acceptance criteria, perform the final accounting to settle and close out financials, obtain formal sign-offs from the key stakeholders, and archive all project documentation for future reference. Completing the final accounting is crucial because it reconciles costs, closes contracts, and ensures accurate financial reporting. Securing sign-offs provides official acceptance and protects against future disputes, while archiving preserves the audit trail and knowledge for future projects. Skipping the final accounting leaves financials open and risks unresolved obligations, and starting a new project before closing out bypasses the necessary wrap‑up, creating confusion and potential resource misallocation. This option explicitly pairs the deliverables verification with the complete final accounting, formal approvals, and documentation archiving—matching the disciplined closure process.