TOPIC: Free PMP Exam Sample Question of the Week

Question:

Which of the following statements is correct regarding the Close Procurements and the Close Project or Phase processes?

A. Procurement closure involves verification that all work and deliverables are acceptable, where Close Project or Phase does not
B. Close Project or Phase is only a subset of Close Procurements
C. Procurement closure means verifying that the procured work is complete or terminated. Close Project or Phase is the process of tying up and closing all of the activities for every project management process group
D. Procurement closure is performed by the seller. Close Project or Phase is performed by the buyer

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Hint: The Close Procurements process closes a procurement contract, while the Close Project or Phase closes a project phase or the entire project.

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Answer and Explanation:

The Correct Answer is C.

When you are performing the Close Procurements process, you are closing out work performed by a seller for a contract. To do that there are a few things for you to do:
1) You verify that all of the work and deliverables are acceptable
2) You finalize any open claims
3) In case of early termination, you follow the termination clause in the contract.
On the other hand, when you are performing the Close Project or Phase process, you are finalizing all of the various activities that you perform across all of the process groups. You are also verifying that the work and deliverables are complete.