As a project manager, you have successfully completed a construction project, and it’s time to formally close the project. What are the main activities involved in the project closure phase, and why is it essential to go through this phase?

A. Handing over the deliverables to the customer and celebrating project success; it marks the end of the project and ensures a smooth transition to ongoing operations or new projects B. Holding a final team meeting and preparing a detailed lessons learned report; it provides an opportunity to reflect on the project’s outcomes and identify areas for improvement in future projects C. Releasing project team members from their roles and responsibilities; it allows team members to move on to new assignments or projects D. Initiating a new project and developing a new Project Management Plan; it sets the foundation for the next project in the organization