Editing Project management (section)

===Closing===
[[File:Closing Process Group Processes.jpg|thumb|270px|Closing process group processes<ref name="VA03"/>]]
Closing includes the formal acceptance of the project and the ending thereof. Administrative activities include the archiving of the files and documenting lessons learned.

This phase consists of:<ref name="PMI 10"/>
* '''Contract closure''': Complete and settle each contract (including the resolution of any open items) and close each contract applicable to the project or project phase.
* '''Project close''': Finalize all activities across all of the process groups to formally close the project or a project phase

Also included in this phase is the post implementation review. This is a vital phase of the project for the project team to learn from experiences and apply to future projects. Normally a post implementation review consists of looking at things that went well and analyzing things that went badly on the project to come up with lessons learned.