It is during the Closeout that deliverables that are sponsored by an organization become accepted.
closeout or clearance sale is a discount sale of inventotry by the seller because of low demand in of product or because the seller is relocating or closing ort because of bankruptcy or there is too much order on the product.
Therefore, During the Closeout, deliverables are accepted by the sponsoring organization or client, and historical information is transferred and archived. planning initiation closeout execution maintenance.
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