All good things must come to an end, and projects must end as well. Hopefully, they will be closed out with good results and happy customers, but that is not always the case. There are many reasons why a project would go through formal closure and the hope is that they were completed successfully and the result was approved. Still other times, the project is canceled because the result is no longer relevant, or the money has run out. It may not even be your organization’s influence that cancels projects but rather your customer’s. Perhaps their organization merged with another, or they decided they want a motorcycle instead of a bicycle. It happens.
Phase closures also occur if your projects are run in any phase configuration. If you have a project running in sequential phases wherein one ends and the next begins, overlapping phases where...