The Closing Phase of Project Management is the final phase of the project life cycle. It is the stage in which the project is officially declared complete and all activities related to the project are concluded. During this phase, the project team is responsible for collecting and analyzing project data, ensuring that all deliverables have been completed, and ensuring that the project has met all of its objectives. The Closing Phase also includes the formal acceptance of the project by the customer or client, as well as the formal closing of the project. During this phase, the project team should also document the lessons learned from the project and create a plan for future projects. Finally, the Closing Phase should include a formal project closure report that summarizes the project’s successes and failures. This report should be shared with all stakeholders to ensure that the project has been completed successfully.