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

The project sponsor or customer provides formal acceptance of the final deliverable, authorizing closure and confirming that the project objectives have been met.

Question 2

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

Accepted Answer

Final project report

Answer

The final project report is created during Close Project or Phase and provides a summary of project performance, including schedule, cost, and scope variances against baselines.

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

Upon formal project closure, budget authority is released back to the performing organization, as there is no longer a project to fund.

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

A post-implementation review evaluates how well the project achieved its objectives and captures lessons learned to improve future project performance.

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

Close Project or Phase is performed at the end of each phase to close that phase before the next one begins, as well as at the end of the final phase to close the project.

CAPM Practice Test

CAPM Practice Test

CAPM Project Closing Processes 2