PMI Project Closure & Lessons Learned 3

Question 1

What is the primary output of the Close Project or Phase process?

Accepted Answer

Final product, service, or result transition

Answer

Project management plan updates

Answer

Approved change requests

Answer

Resource management plan

Question 2

Which factor is most important when determining if a project can be formally closed?

Accepted Answer

All scheduled activities are complete and deliverables have been formally accepted

Answer

The project team has been officially released

Answer

The project budget has been fully spent

Answer

The project manager has submitted the final status report

Question 3

What action should a project manager take when a project is terminated early before completion?

Accepted Answer

Document the reason for early termination and complete applicable closure activities

Answer

Skip the closure process since the project wasn't completed

Answer

Transfer all remaining work to another project without documentation

Answer

Wait for executive approval before beginning any closure activities

Question 4

Which tool is most commonly used to measure project performance against the baseline during the closure reporting phase?

Accepted Answer

Variance Analysis

Answer

Responsibility Assignment Matrix (RAM)

Answer

Work Breakdown Structure (WBS)

Answer

Network Diagram

Question 5

When archiving project documents, which criterion is most important according to PMI best practices?

Accepted Answer

Documents should be organized to support future retrieval and organizational learning

Answer

Documents should be stored in alphabetical order only

Answer

Only financial documents need to be archived long-term

Answer

Documents older than 3 months should be deleted before archiving

Question 6

A project manager discovers a minor deliverable was omitted during the closure process. What is the BEST course of action?

Accepted Answer

Assess the impact, communicate with stakeholders, and determine the appropriate corrective action

Answer

Ignore it since the project has already been formally closed

Answer

Immediately reopen the project without stakeholder notification

Answer

Transfer the issue to another active project team to resolve

Question 7

What does 'transition to operations' mean in the context of project closure?

Accepted Answer

Project deliverables are formally handed over to the group responsible for ongoing maintenance and support

Answer

The project team transitions to begin work on the next project

Answer

The project moves from the planning phase to the executing phase

Answer

Budget responsibility transfers from project accounting to corporate finance