Closing includes the formal acceptance of the project and the ending thereof. Administrative activities include the archiving of the files and documenting lessons learned. Closing phase consist of two parts:

    * Close project: to finalize all activities across all of the process groups to formally close the project or a project phase
    * Contract closure: necessary for completing and settling each contract, including the resolution of any open items, and closing each contract   

       applicable to the project or a project phase.