the fourth and final phase of the project life cycle is terminating the project. It starts after the project work has been completed, as shown in figure 4.4, and includes various actions to close out the project properly
the purpose of properly terminating a project is to learn from the experience gained on the project in order to improve performance on future projects.Therefore, the activities associated with terminating the project should be identified and included in the project's baseline plan they should not be done merely as spontaneous after thoughts. These activities might include organizing and filing documents, receiving and making final payments, and conducting post project evaluation meeting within both the contractor's and the customer's organization