The document outlines the project closing processes, emphasizing the importance of formal closure in project management to ensure all deliverables are completed and transferred, and that documentation is archived. It details five types of project closure: normal, premature, perpetual, change in priorities, and failed project, along with the process steps, including verifying final delivery, holding a closeout meeting, and filing project documents. Effective project closure helps in evaluating performance for future success and transitioning the project outputs to the responsible teams.