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PK0-003 · Question #393

Which of the following should be created in the project closing documentation? (Select Two).

The correct answer is A. Closure report summarizing costs C. Lessons learned. Project closing documentation formalizes the completion of a project and provides valuable insights for future endeavors. It typically includes a final financial summary and a review of lessons learned.

Project life cycle phases

Question

Which of the following should be created in the project closing documentation? (Select Two).

Options

  • AClosure report summarizing costs
  • BResponsibility assessment matrix
  • CLessons learned
  • DProject timeline
  • EStatement of Work (SOW)

How the community answered

(47 responses)
  • A
    94% (44)
  • B
    4% (2)
  • E
    2% (1)

Why each option

Project closing documentation formalizes the completion of a project and provides valuable insights for future endeavors. It typically includes a final financial summary and a review of lessons learned.

AClosure report summarizing costsCorrect

A closure report summarizing costs is crucial for financial closure, demonstrating how the project budget was utilized and providing a final financial accounting. This report confirms whether the project was within budget and summarizes all expenditures.

BResponsibility assessment matrix

A responsibility assessment matrix (e.g., RACI) is a planning and execution tool used to define roles and responsibilities during the project, not typically a final closing document itself.

CLessons learnedCorrect

Lessons learned are vital for organizational learning, documenting what went well, what went poorly, and what could be improved for future projects. This document captures knowledge and insights to improve future project performance.

DProject timeline

A project timeline is a scheduling tool developed during the planning phase to manage project activities and milestones, not a primary deliverable for project closure.

EStatement of Work (SOW)

A Statement of Work (SOW) is created at the project initiation or planning phase to define the scope of work, deliverables, and terms, serving as a foundational document, not a closing one.

Concept tested: Project closure documentation elements

Source: https://learn.microsoft.com/en-us/training/modules/project-management-fundamentals/5-project-life-cycle

Topics

#Project closing#Closure report#Lessons learned#Project documentation

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