Which activity is usually the final one in the project lifecycle?

The final activity in the project lifecycle is project closure. This phase is critical as it encompasses the processes involved in formally completing the project. During project closure, several key actions take place, such as obtaining stakeholder acceptance of the project deliverables, releasing project resources, conducting a final project report, and evaluating project performance against the initial objectives. This phase ensures that all aspects of the project are finalized, lessons learned are documented for future reference, and the project's success is communicated to stakeholders.

In contrast, project initiation occurs at the beginning of the lifecycle, project execution involves the actual implementation of project work, and project assessment is often ongoing throughout all phases to check progress and performance. Thus, project closure stands out as the definitive and necessary step that marks the end of the project lifecycle.