Finally, many project mangers overlook this vital document when it comes to their project. It is important to create a closing report for the project once it has been completed. This serves many purposes in communicating. One such purpose is communicating with stakeholders in the project what the project consisted of. Another purpose is to be able to look back at the project, and see what succeeded and what didn't work, so that project management tasks can be more streamlined in the future. Finally, by creating a closing document for a project, it creates a valuable resource for later when project managers might have to complete a similar project.