In project management, a team is defined as a group of individuals who work together in collaboration or cooperation towards a common goal. This definition emphasizes the high degree of interdependence among team members as they work towards achieving a specific goal or completing a task. It's not just about working under the same leader or being in the same group; it's about the collaborative effort and shared objectives that define a team in a project environment.
References: The answer is verified and explained with reference to project management resources that describe the nature of project teams123.

The final phase of a project is Termination. This phase involves finalizing all project activities, deliverables, and documentation to ensure they meet the project requirements and standards. It's the phase where the project is formally closed and a final review is held to learn from the successes and mistakes, which is then taken forward to the next project. References: = This information aligns with the practices described in resources about Project Portfolio Management (PPM) and is consistent with the guidelines provided by the Project Management Institute (PMI)12.