oboloo Glossary

Project Closure Process

oboloo Glossary

Project Closure Process

The official business definition of project closure process is the formal process of bringing a project to an orderly end. It involves documenting the completion of all project objectives, collecting the project data, and archiving the project documents. Project closure process is the last stage of the project life cycle, and is a critical part of successful project management. The primary purpose of project closure is to formally close the project and ensure that all the objectives of the project have been met. It involves releasing resources and handing over the project deliverables to the customer. During the project closure process, a formal project review is conducted to evaluate the success of the project. This review also provides feedback on the project performance and helps identify any areas of improvement. Finally, the project closure process also involves taking steps to ensure that the project is properly documented and archived.