Question on Contract Closure

Submitted by sumedha82 on Sat, 08/20/2011 - 15:49


Which of the following is NOT part of the Contract Closure process?

 




A An audit to verify that all of the legal obligations have been met




B Obtaining formal acceptance of all deliverables from all stakeholders




C Making sure all invoices have been paid




D  Writing down lessons learned

 

Guys, please help me with this question. The correct answer is B

 

But I am not convinced.

 

I think that acceptance of interim deliverables happens during M&C and final acceptance is during Closing. Pls explain.

 

 

 

 

 

 

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devgopi

Sat, 08/20/2011 - 20:32

For me its B too.. acceptence already happend...moreover, all stakesholder also not require

ntgobinath

Sun, 08/21/2011 - 03:32

Look at the question. This is not talk about just closure, it's about 'contract' (procurement) closure. 

A. Yes, Applicable to verify whether all the contracted work has been met.

C. Paying the final payment to contractor holders

D. Lessons learned from the contract agreement and procurement process

 

Question state which is 'NOT', So correct answer is B. This is about roject closure.

kunal.kishore123

Sun, 08/21/2011 - 07:51

 Correct answer is (B)

B Obtaining formal acceptance of all deliverables from all stakeholders

 

We don't need to get approval from "ALL" stakeholders.

The catching point is "ALL".

rkmoosad

Sun, 08/21/2011 - 08:28

Deliverables acceptance is usually done by authorized procurement administrator. Acceptance from all stakeholders are not required. PMBOK  (4th Edition) 12.4.3.2

sumedha82

Sun, 08/21/2011 - 13:06

Thanks guys..This explains...