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What is the importance of project termination planning?

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Project termination planning is an extremely important aspect of the project management because the output of project termination or project termination documents are an important source of knowledge and information for successful execution of future projects. It is essential to plan for termination or closure of both successful and failed projects because effective termination provides key lessons to project team members for future projects.

Project termination is the last phase of the project cycle and involves tasks such as release of project resources, completion of project records, documentation of all project related information such as issues, documentation of lessons learned, strategies ...

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What is the importance of project termination planning?