CAPM (Certified Associate in Project Management) Practice Exam 2026 - Free CAPM Practice Questions and Study Guide

The Termination/Close phase is the final phase in the project life cycle. During this phase, all project work is completed and the project is formally closed. This includes reviewing project performance, documenting lessons learned, and transitioning final deliverables to the stakeholders. The other options are incorrect because the Concept phase is the first phase, the Development/Planning phase comes before the Implementation/Execution phase, and both of these phases occur before the final phase of Termination/Close.