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All Through I did not had to close a project ... the most logical answer for me is #1 useful information may be lost
1.>>>>>>>>>>>>>> useful information may be lost
Once your team complete all the activities, and thus after the satisfation of the client and certificarion from the consultant. You may be able to get the completion certificate through the client. And then the billing phase. After that phase you may aske the closing phase. But in some cases you may de mobilised some aspect because of the start some other project.
useful info about the site may be lost
Point #1: Is a more appropriate reason. If i have to choose another from rest of the three points i will go for the point #2.
in any case the project will not be closed if it not completed
Sellers are anxious for payments