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GSLC · Question #535

Holly is the project manager of the GHQ Project for her organization. The project is using the AAA IT Integrators Corporation as a vendor to do a portion of the project work. Mitch Smith, the IT…

The correct answer is C. Contract. Once the vendor's deliverables are verified against the SOW, the contract governs the formal next steps such as payment, invoicing, and contract closure.

Security Program Management & Governance

Question

Holly is the project manager of the GHQ Project for her organization. The project is using the AAA IT Integrators Corporation as a vendor to do a portion of the project work. Mitch Smith, the IT Directors for the AAA IT Integrators Corporation, reports that his team has completed the project work. Holly and her team review the deliverables and she confirms that Mitch's team has indeed completed the work according to the statement of work. What document should Holly refer to now to determine the next course of action with the AAA IT Integrators Corporation?

Options

  • AProcurement management plan
  • BStatement of Work
  • CContract
  • DProject management plan

How the community answered

(41 responses)
  • A
    2% (1)
  • C
    93% (38)
  • D
    5% (2)

Why each option

Once the vendor's deliverables are verified against the SOW, the contract governs the formal next steps such as payment, invoicing, and contract closure.

AProcurement management plan

The procurement management plan describes how procurement activities will be conducted throughout the project but does not contain the specific contractual obligations triggered by work completion.

BStatement of Work

The Statement of Work was already used to verify the completed work and does not govern post-completion actions such as payment or formal closure.

CContractCorrect

The contract is the legally binding document that specifies the terms for payment, acceptance, and formal closeout procedures that come into effect once work is confirmed complete. The SOW defines what must be delivered, but the contract dictates what both parties must do after delivery is accepted, including releasing final payments and closing the procurement relationship.

DProject management plan

The project management plan is a high-level document covering overall project execution and does not contain vendor-specific payment and closeout terms.

Concept tested: Contract governance during procurement closure

Topics

#procurement management#contract administration#vendor management#statement of work

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