Section: Volume D
Explanation:
3.7 Closing Process Group
The Closing Process Group consists of those processes performed to conclude all activities across all Project Management Process Groups to formally complete the project, phase, or contractual obligations. This Process Group, when completed, verifes that the defined processes are completed within all of the Process Groups to close the project or a project phase, as appropriate, and formally establishes that the project or project phase is complete.
This Process Group also formally establishes the premature closure of the project. Prematurely closed projects may include, for example: aborted projects, cancelled projects, and projects having a critical situation. In specific cases, when some contracts cannot be formally closed (e.g. claims, termination clauses, etc.) or some activities are to be transferred to other organizational units, specific hand-over procedures may be arranged and finalized.
At project or phase closure, the following may occur:
Obtain acceptance by the customer or sponsor to formally close the project or phase,

Conduct post-project or phase-end review,

Record impacts of tailoring to any process,

Document lessons learned,

Apply appropriate updates to organizational process assets,

Archive all relevant project documents in the project management information system (PMIS) to be used as

historical data,
Close out all procurement activities ensuring termination of all relevant agreements, and

Perform team members' assessments and release project resources.