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A project manager rallies the team together for one final meeting, which will complete with a celebration for the successful achievement of the project’s final feature and completion of all transition activities. Post-meeting, the project manager sits down to summarize the project’s journey, including its performance against scheduled business value and objectives. This summary document will then be handed over to the sponsor and archived with the remaining project artifacts for future reference. What is this summary record also known as?

A Final report

The final report is created as a result of carrying out activities associated with the Close Project or Phase process. This project artifact summarizes the performance of the project or phase and generally captures the following: summary description of the project or phase, performance against scope/quality/cost/schedule objectives, summary of validation information about the work completed, summary of risks or issues encountered, and summary of whether the end result produced by the project satisfies the business needs that the project was addressing.