Projects should be closed in a timely manner to manage fiduciary risk, meet donor expectations, avoid costly extensions and enable the timely transfer of assets for the sustainability of results. Closing a project requires assessing overall performance, quality and lessons learned, and necessary handover to ensure sustainability.
While UNDP country, regional and global programmes have fixed time durations, they build on the results achieved in the last programme to transition into the new one. It is mandatory to transition from one programme to the next by carefully considering the achievements, challenges and lessons learned of the current programme in developing the theory of change of the new programme.