Question: Project closure activities are generally broken into two main categories: contractual and administrative. Here are the two types: Can you explain to me the difference?

Project closure activities are generally broken into two main categories: contractual and administrative. Here are the two types: Can you explain to me the difference? Please, based on these two, can you answer the question below with detailed explanation so I can understand better?

In advanced project management, what are the key components and strategies for effectively closing out a project, and how does this process contribute to organizational learning, stakeholder satisfaction, and long-term success? Share insights on best practices and potential challenges based on your own experiences and industry knowledge.

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