CAPM CAPM Project Closure & Benefits Realization

Question 1

What is the primary purpose of the 'Close Project or Phase' process in the PMBOK Guide?

Accepted Answer

To formally finalize all activities, transfer deliverables, and close out the project or phase

Answer

To reassign team members to new projects

Answer

To update the risk register with final risk outcomes

Answer

To archive only financial records for audit purposes

Question 2

Which document formally confirms that the customer has accepted the project deliverables?

Accepted Answer

Formal acceptance document (or signed acceptance)

Answer

Project charter

Answer

Risk register

Answer

Responsibility assignment matrix

Question 3

Benefits realization management is BEST described as:

Accepted Answer

The processes that ensure the intended business benefits of a project are actually achieved

Answer

Tracking the project budget to ensure cost savings

Answer

A quality assurance process for deliverable testing

Answer

A method for calculating earned value metrics

Question 4

Which artifact captures the business benefits a project is expected to deliver and is often used to justify project initiation?

Accepted Answer

Business case

Answer

Work breakdown structure

Answer

Project management plan

Answer

Procurement statement of work

Question 5

During project closure, final project records and lessons learned are typically stored in:

Accepted Answer

The organizational process assets

Answer

The risk register

Answer

The stakeholder engagement assessment matrix

Answer

The procurement documents only

Question 6

What happens to unused project budget at the time of project closure under most organizational policies?

Accepted Answer

It is returned to the organization or sponsor per governance rules

Answer

It rolls over automatically to the next project phase

Answer

It is retained by the project manager for contingency

Answer

It is added to the management reserve