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Formal acceptance of a product, service or result and ties all loose ends of project or project phase together, through the releasing of the final deliverables to the customer, handing over project documentation, finalizing all supplier contracts, releasing the project resources and communicating the closure of the project to all stakeholders.

Typically the final activity should be the undertaking of a Post Implementation Review (PIR) to quantify the overall success of the project and to list lessons learnt for future projects.

Why?