Description
Project closeout is finalized when the project is formally approved by the project sponsor and other designated stakeholders. Formal approval acknowledges that all the deliverables produced and activities performed during the Close Stage are complete, reviewed, and accepted.

Formal project closeout approval signifies the project is done.

Rationale/Purpose
The success of the Close Stage is the approval for project closeout from the project sponsor and other designated stakeholders.

Who is Involved
Project Manager
Project Sponsor

Result
Approved Project Closeout
Signed Project Closeout Approval