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PGMP · Question #11

You are the program manager of the YGH Program. A vendor has recently completed his contracted work for your program. You agree that the vendor has completed the procured work so what document…

The correct answer is A. Certificate of completion. When a vendor completes contracted work and the buyer agrees, both parties sign a Certificate of Completion to formally acknowledge and close out the procurement.

Program Life Cycle Management

Question

You are the program manager of the YGH Program. A vendor has recently completed his contracted work for your program. You agree that the vendor has completed the procured work so what document should you and the vendors now sign?

Options

  • ACertificate of completion
  • BProposal agreement
  • CInvoice
  • DContract

How the community answered

(55 responses)
  • A
    89% (49)
  • B
    2% (1)
  • C
    2% (1)
  • D
    7% (4)

Why each option

When a vendor completes contracted work and the buyer agrees, both parties sign a Certificate of Completion to formally acknowledge and close out the procurement.

ACertificate of completionCorrect

A Certificate of Completion is the formal document signed by both buyer and vendor to acknowledge that all contracted work has been delivered and accepted. It serves as official evidence of procurement closure and protects both parties by confirming fulfillment of contractual obligations.

BProposal agreement

A Proposal Agreement is used at the start of a procurement to agree on work to be done, not to confirm its completion.

CInvoice

An Invoice is a payment request document, not a formal acceptance or procurement closure document.

DContract

The Contract is the original binding agreement established before work begins, not the document used to acknowledge that work is finished.

Concept tested: Procurement closure and contract completion documentation

Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok

Topics

#Procurement Management#Contract Closure#Vendor Management#Program Closure

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