A project manager is releasing resources and archiving documents. Which of the following phases is the project MOST likely in?

Initiation focuses on defining the project at a high level, identifying stakeholders, and authorizing the project to begin - not on releasing resources.

Planning involves developing the project management plan, defining scope, estimating costs, and building schedules - not administrative closure activities.

Monitor and control involves tracking performance metrics, managing changes, and comparing actual progress to the baseline during active project execution - not closing out project resources.

The closing phase is defined by activities that formally end the project, including releasing team members back to their functional roles, archiving project documents for future reference, and obtaining final stakeholder acceptance. These activities confirm that all deliverables have been completed and the project is being formally wound down according to the project management plan.