CAPM Project Closing Processes 2

Question 1

Who is typically responsible for formally signing off that a project is complete and accepting the final deliverables?

Accepted Answer

Project sponsor or customer

Answer

Project manager

Answer

Project management office (PMO)

Answer

Functional manager

Question 2

Which document produced during project closing summarizes the project performance and includes variance analysis against baselines?

Accepted Answer

Final project report

Answer

Project charter

Answer

Issue log

Answer

Risk register

Question 3

What happens to the project budget authority when a project is formally closed?

Accepted Answer

It is released back to the performing organization

Answer

It is transferred to the project manager's discretionary fund

Answer

It carries over automatically to the next project

Answer

It is frozen in a reserve account for one year

Question 4

During project closing, which of the following BEST describes the purpose of a post-implementation review?

Accepted Answer

To evaluate project outcomes against objectives and capture lessons learned

Answer

To identify new project opportunities

Answer

To reassign project team members

Answer

To update the project charter for future phases

Question 5

In a multi-phase project, Close Project or Phase is performed:

Accepted Answer

At the end of each phase as well as at project completion

Answer

Only at the very end of the final phase

Answer

Only when the budget is depleted

Answer

Once during the planning phase

Question 6

A project team has completed all work and the sponsor has accepted the deliverables. What should the project manager do NEXT?

Accepted Answer

Archive project documents and update organizational process assets

Answer

Release team members immediately without further action

Answer

Request additional funding for a follow-on project

Answer

Conduct a kickoff meeting for the next project

Question 7

Which of the following is NOT a key activity performed during project closure?

Accepted Answer

Defining the project scope statement

Answer

Obtaining formal acceptance of deliverables

Answer

Completing lessons learned documentation

Answer

Releasing project team members