^ [[3.2 The PM2 Lifecycle]] # 3.2.4  Closing Phase ![[3.2.4 Closing Phase.png]] The final phase of a PM2 project is the Closing Phase. During a project’s Closing Phase, the finished **deliverables are officially transferred into the care, custody and control of the Project Owner (PO)** and the project is **administratively closed**. Information on overall project performance and [[Lessons Learned]] is captured in the [[Project-End Report]]. The Project Manager (PM) ensures that the deliverables produced are accepted, all project documents are correctly filed and archived, and that all **resources** used by the project are formally **released**. The following **activities** are part of the Closing Phase: - Finalising all activities in order to formally close the project. - Discussing the overall project experience and [[Lessons Learned]] with the project team. - Documenting Lessons Learned and **best practices** for future projects. - Closing the project administratively and archiving all **project documents**. ![[Fig 3.6 Overview of the Closing Phase.png]] ___ Spanish Guide: [[3.2.4 Fase de Cierre]] <-- [[3.2.3 Executing Phase]] --> [[3.2.5 Monitor & Control]] ___ ![[👉 Quick links]]