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questions about closure
1> From the seller's point of view, the project is considered closed when ____
a) scope of work is complete
b)lesson learned is complete
c)the archives are complete
d)final payment is made
2>From the seller's point of view, the procurement is considered closed when:
a) work is complete and formal acceptance received
b)lessons learned is complete and final payment is received
c)the archives, administrative closure, and closure requirements as stated in the contract
d)final payment is made
Edited Sat, Jan 28, 2012 12:15 AM
Replies to this Topic
i think for both the questions answer is d.
I would welcome other opinions or discussion on this.
Edited Tue, Dec 27, 2011 10:31 AM
I think first question answer is A , since the scope of work has completed (assuming also acceptance is received) , the final payment might be related to multi project contract and final payment is delivered with the final phase.
second question answer is C , because final payment is not the end of procurement but also the contract closure as per contract
For Q-1 the is 'C' because for both either seller or buyer project will get close only once and for that archive is the last activity,so i think Ans would be C
It help to give an explanation of your answer
I just consider my answer from an SOW perspective - Statement of Work
The best answer is A . from a seller perspective need to consider deliverable of the contract . Scope completion makes more sense than payment
For the second questions C is the best answer. from a seller perspective payment is just one aspect, here is important to consider all activities to close the Contract.
good luck with your PMP exams
I know lots of people of have already answered but here is my 2 cents along with an explanation:
I would answer d for both questions but this is assuming a lot because the questions are not very detailed.
First question is because if i am the seller, I am selling someone something, I don't care about their project or what part of the project they are working on. As soon as i get my final payment I am finished.
Second question, this has to do with procurement and the end of the deal is always when final payment is received.
For Q1 ,
A and B can't be the answer as C and D events occur after them . Now lets consider C and D. Now Close Proucurement from buyers point of view will also include payment to the seller . But Archive record is done after close procurement.
So C is the correct answer
Note: No matter its buyer or seller view ........Archive record is the last thing to do .
For Q2 , Already explained above so unanimously the answer should be C .
Hope this helps to understand this tricky question .
Why should the seller be bothered with lessons learned or project archives for project or procurement to be completed. In both cases a monetary transaction from buyer to seller, indicates closure of project / procurement.
Isn't receiving payment implying the buyer is happy with the work, and hence project closed ??
not 100% sure but maybe D applies to both ?
Though you are buyer or seller you are driving the project. Similar project may come in future for which sellers organization should be ready - so, you should have the OPA & lessons learned?
Let me shoot Q2.
option a - formal acceptance received -> but all is not yet over as I explained above.
option d - Final payment is made -> but this is not talking about the rest of the job
option c - (part) "Closure requirements as stated in the contract" -> just contract is closed but the rest of the job is left -
so the best answer for me is (B).
Let me look at Q1.
options a and d are out. out of b and c - C talks about archives but which archives? lessons learned archives or project closure archives? emmm... I will go with (B)