CAPM Project Closure & Benefits Realization Flashcards
6 cards from real CAPM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CAPM Project Closure & Benefits Realization flashcards as text
Final project performance reports created during closure typically include which of the following?
Answer: Summary of project performance against the original baselines (scope, schedule, cost)
Final performance reports summarize how the project performed against the approved scope, schedule, and cost baselines established in the project management plan.
Why is it important to formally close contracts with vendors during project closure?
Answer: To ensure all contractual obligations are met and release both parties from further liability
Formal contract closure verifies that all contractual obligations have been fulfilled, releasing both the buyer and seller from remaining legal and financial commitments.
Which document is used to formally release project team members back to their functional managers at project closure?
Answer: Project team release notice or resource management plan update
At project closure, the resource management plan is updated and formal release notices are issued to return team members to their functional managers or resource pool.
A project delivered all planned outputs but the sponsoring business unit reports that expected revenue gains were not realized six months later. This is a failure of:
Answer: Benefits realization management
Benefits realization management ensures that the business outcomes a project was designed to deliver are actually achieved post-project; failing to achieve them indicates a gap in this process.
Which statement about administrative closure is CORRECT?
Answer: It must be performed at the end of each phase as well as the project
Administrative closure activities must be completed at the end of every project phase, not only at the conclusion of the entire project.
Which of the following BEST describes the purpose of a post-project review (or post-mortem)?
Answer: To evaluate project performance and capture lessons learned for organizational improvement
A post-project review evaluates what went well and what did not, capturing lessons learned to improve future project management practices across the organization.