Part 02: Project Case You are the project manager for a software development project that involves building a new ecommerce platform for a client. The project has been successfully completed, and the ecommerce platform is now live. Now, it is time to close the project. Details: The software development project had a duration of 18 months and a budget of $500,000. The project team consisted of 10 members, including developers, testers, designers, project coordinators, and a project manager. The project was executed on time and within budget, and the client was satisfied with the results. Objectives of Project Closure: The main objectives of project closure for the software development project are to: 1) Confirm that all project deliverables have been completed 2) Obtain client acceptance of the final product 3) Release project resources 4) Conduct a project audit 5) Conduct a post-implementation evaluation 6) Communicate the project closure to all stakeholders Types of Project Closure: 1) Wrap-up Closure Activities: The project team will conduct wrap-up activities, including finalizing project documentation, closing out contracts, and releasing project resources. 2) Project Audits: A project audit will be conducted to assess the project's performance against the project plan and identify any areas for improvement. The audit will include a review of project documentation, project schedules, project budgets, and other relevant information. 3) Post-implementation Evaluation: A post-implementation evaluation will be conducted to assess the e-commerce platform's performance in production and identify any issues or areas for improvement. Key Steps in Project Closure: 1) Confirm that all project deliverables have been completed: The project manager must ensure that all project deliverables have been completed, including the e-commerce platform, project documentation, and reports. 2) Obtain client acceptance of the final product: The client must formally accept the ecommerce platform and confirm that it meets all requirements and specifications. 3) Release project resources: All project resources, including team members, equipment, and materials, must be released. 4) Conduct a project audit: A project audit is conducted to assess the project's performance and identify any lessons learned for future projects. 5) Conduct a post-implementation evaluation: A post-implementation evaluation is conducted to assess the e-commerce platform's performance in production and identify any issues or areas for improvement. 6) Communicate the project closure to all stakeholders: All stakeholders must be informed that the project has been closed and that all deliverables have been completed. Questions: 1) What is the purpose of conducting a project audit during project closure? 2) What is the importance of obtaining client acceptance of the final product during project closure? 3) What are the key steps in conducting a post-implementation evaluation during project closure? 4) Why is it important to communicate the project closure to all stakeholders