What key document ensures all stakeholders approve the closing of a project before contracts are finalized?

The closure approval form is essential in project management as it serves as a formal document that captures the agreement of all stakeholders regarding the completion of the project. This form typically includes confirmations from relevant parties that all aspects of the project have been completed satisfactorily and that they accept the final outputs or deliverables. It acts as evidence that the project has met its objectives and that stakeholders are in alignment on the conclusion of the project before moving forward with finalizing contracts and officially closing the project.

Having all stakeholders approve the closure is critical because it mitigates the risk of disputes or misunderstandings later on. Without a closure approval form, stakeholders may have differing opinions on whether the project was delivered as promised, which can lead to complications in contract finalization and project closure. This document ensures transparency and accountability, reinforcing a shared understanding of project completion.

In contrast, while a change control log keeps track of changes made throughout the project lifecycle, it does not specifically address project closure approval. A final project report summarizes project outcomes but may not directly capture stakeholder approval. Similarly, a stakeholder agreement addresses overall expectations and responsibilities among stakeholders but does not specifically act as a formal closure document.