reply to In terms of budgeting implications during the closing process, it is crucial to finalize all financial aspects of the project. This includes closing out contracts, settling outstanding invoices, and ensuring that all project costs are accurately recorded and accounted for. Proper financial closure ensures that the project budget is reconciled, any surplus funds are returned, and all financial obligations are met. The legal team plays a crucial role in the closing phase by reviewing and finalizing all legal documents, contracts, and agreements associated with the project. They ensure that all legal requirements have been met, including any regulatory compliance, intellectual property rights, and contractual obligations. The legal team also plays a key role in resolving any outstanding legal issues, disputes, or claims that may arise during the project closure process (Carroll. A, 2024)