This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- That formal, written acceptance of the final deliverable from the customer or sponsor is a mandatory prerequisite for initiating project closure.

- All project procurements must be formally closed—including settling claims and conducting audits—before the overall project can be closed.

- The lessons learned register is finalized and its contents are transferred to the organization's lessons learned repository for future use.

- Releasing the project team is a formal process involving performance reviews and updating organizational records, not just disbanding the team.

- Archiving all project documents, from the charter to contracts and communications, is a critical final step for historical records and compliance.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep