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ISEB-PM1 · Question #268

Which of the following choices is a contract closure tool or technique?

The correct answer is D. Procurement audits. Procurement audits (D) are a recognized tool and technique in the Close Procurements process, as defined in the PMBOK Guide. A procurement audit is a structured review of the entire procurement process - from planning through contract administration - to identify successes and…

The Project Management Lifecycle

Question

Which of the following choices is a contract closure tool or technique?

Options

  • AContract plan
  • BProcurement plan
  • CClosure process
  • DProcurement audits

How the community answered

(21 responses)
  • A
    5% (1)
  • B
    14% (3)
  • C
    5% (1)
  • D
    76% (16)

Explanation

Procurement audits (D) are a recognized tool and technique in the Close Procurements process, as defined in the PMBOK Guide. A procurement audit is a structured review of the entire procurement process - from planning through contract administration - to identify successes and failures that can inform future contracts.

Why the distractors are wrong:

  • A. Contract plan - Not a standard PMBOK term or recognized closure tool; plans are created during planning phases, not used as closure techniques.
  • B. Procurement plan - This is an output of the Plan Procurement Management process, not a closure tool; it defines how procurement will be conducted, not how it will be closed.
  • C. Closure process - Too vague to be a specific tool or technique; it describes a phase, not a mechanism used within that phase.

Memory tip: Think of audits as the "lessons learned for contracts." Just as you conduct lessons learned at project close, a procurement audit closes the loop on the procurement lifecycle by reviewing what worked and what didn't - making "audit" the natural fit for any closure-phase question involving procurement.

Topics

#contract closure#procurement audits#project closure#closure tools

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