One important component of closing is creating a project closure report. This project closure report lists every activity that is required in order to close the project. This report enables the project manager and the team to make sure they are completing every single activity required to close the report smoothly and efficiently. The project closure may include identifying project closing criteria, listing outstanding activities, creating a plan to pass deliverables to the customer, closing supplier contracts and agreements, releasing projects resources to the business, and how to communicate the closure of the project. Once this report is approved, the project manager then has a list of activities it can assign to their team to make sure of proper closing.