PK0-003 · Question #225
Which of the following shows how often contracts would be closed for the procurements on a project?
The correct answer is D. At the end of the contract. This question asks about the specific timing for closing individual contracts within a project's procurements.
Question
Which of the following shows how often contracts would be closed for the procurements on a project?
Options
- ADuring phase gate review
- BAfter the project is completed
- CAt the end of the project
- DAt the end of the contract
How the community answered
(28 responses)- B4% (1)
- C7% (2)
- D89% (25)
Why each option
This question asks about the specific timing for closing individual contracts within a project's procurements.
Phase gate reviews assess overall project progress, not the closure of individual contracts.
Individual contracts close when their specific work is done, which could be much earlier than the entire project.
Individual contracts are closed as their specific work is completed and accepted, which may not align with the overall project's end date.
Each procurement contract has its own terms and conditions, and formal closure occurs once those terms are met and the deliverables are accepted, regardless of the overall project's status. This ensures all contractual obligations are fulfilled and documented for that specific agreement.
Concept tested: Procurement contract closure timing
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