You assemble a team for the project, and now you must cut them loose. It’s a formal process, and a crucial one, which frees them for the next project. Each team is brought together for the mix of skills and experience they bring to a project. The project determines the team members you’ll want to work with, and each project is going to be a little bit different, which will be reflected in the team hired to execute it.
Leaving a project is an emotional time and it helps to provide explicit closure, using lessons learned and asking for individuals comments, producing a final report, inviting the project team to a closure meeting and communicating success will all help team members move on.
The formality of this means release resources from the project, including suppliers, contractors, team members, and any other partners. Notify them of the end of the project, confirm any final payments or obligations, and officially release them so they are free to work on other projects.