Project Closure is the final phase of a project management process, where all activities are completed, and the project is formally closed. This phase involves reviewing the project's outcomes against its objectives, ensuring that all deliverables are met, and obtaining approval from stakeholders. It also includes documenting lessons learned and assessing the overall performance of the project team. During Project Closure, project managers often conduct a final meeting with the team and stakeholders to discuss successes and challenges. This phase is crucial for ensuring that all resources are released, contracts are finalized, and any remaining tasks are addressed, paving the way for future projects.