Every projects comes to an end eventually. Carefully managing the closure phase is as important as any other phase of the project. There are three major deliverables for project closure: Wrapping up the Project, Evaluation of performance and management of the project, and Retrospectives on Lessons Learned. One deliverable in project closure is identifying lessons learned. Lessons learned are perhaps the most valuable contribution of the closure process. Why is this? Why is it important to document lessons learned, and how do stakeholders benefit from this process?