One of the defining features of a PRINCE2 project is that it is finite i.e. a start and an end point. If the
project loses this distinctiveness
A clear end to a project:
✔ Is always more successful than a slow drift into use.
✔ Privdes an opportunity to ensure that all unachieved goals and objectives are identified so that they can
be addressed in the future.
✔ Transfer ownership of the products to the customer and terminates the responsibility of the project
Any closure activities should be planned as part of the stage plan for the final management stage.
When closing a project, work is required to prepare input the project board in order to gain the required
authorisation to close the project. As a result, the executive should also notify corporate or programme
management that the project has closed.
The project board may also want to close the project early (e.g. if the business case is no longer justified),
if this is the case the process still needs to be executed, but tailored to the actual project's situation.