Which of the following are benefits of formal project closure? (Select TWO).

Ensuring project compliance with organizational goals is addressed during project initiation and planning, not primarily as a benefit of project closure.

Formal project closure includes a lessons learned process, which documents successes, failures, and best practices, making this valuable knowledge available for future projects and organizational improvements.

During formal project closure, all administrative and contractual activities are completed, including the closure of all pending contracts, ensuring no outstanding financial or legal obligations remain.

Assuring buy-in from all project stakeholders is typically achieved during earlier phases of a project, such as initiation and planning, through effective engagement and communication.

Distributing new workloads and tasks is part of resource management and future project planning, which happens after a project closes, not a direct benefit of the formal closure process itself.