Questions on Closing Process Group

Submitted by bpatel on Tue, 03/19/2013 - 19:01

I have observed that many people have consistently got lesser % in Closing Knowledge Area.


Does anyone know any good practice questions which are similar to exam level on Closing Process Group and important aspects of Closing on which most questions are based

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PMP / CAPM exam Question bank
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campes@gmail.com (not verified)

Tue, 03/19/2013 - 21:04

Here is a sample PMP Exam question about Closing

From: http://www.pmsimu.com/question/548

 

You are working 14 months as the project manager of a project for the naval industry with more than 1,000 members. Project's SPI is 1.22 and you CPI is 1.3. In this point, your sponsor decides to cancel the project due to changes in the business strategy. In this case, what is the best thing you should do:

 


Immediately start the closing process group.

Explain the sponsor that the project is ahead of schedule and under budget, so you keep executing the project.

Keep working until the completion of the current project phase and than stop the project.

Immediately stop the project and release all members.

 

bpatel

Tue, 03/19/2013 - 21:24

Is it A?

sandeepdel

Tue, 03/19/2013 - 23:02

 A looks okay here.

sunitaPMP

Wed, 03/20/2013 - 18:42

Yes its A)

campes (not verified)

Thu, 03/21/2013 - 02:01

 

Very good: "Immediately start the closing process group"

Here is the resolution from http://www.pmsimu.com/review/548

You do not have time, budget or the authority to keep working in the project without the sponsor's permission. Remember: the project is not yours, it is from the sponsor.

The closing phase should be triggered in both cases, if the work is completed or if the project is suspended or cancelled. By this way, the project manager have the opportunity to store and document the unfinished work, cancel contracts with providers, evaluate lessons learned and evaluate if some extra actions are needed to interrupt the activities.

 

sspawar

Thu, 03/21/2013 - 02:04

 Dear B 

you can read at blog 

er-sspawar.blogspot.in 

an article may help you out.

bpatel

Thu, 03/21/2013 - 13:48

Thank you pawar sir for the link
I have a question


Acceptance is done in Verify Scope, which is part of Monitoring and Controlling Process Group.
In that case, what is the difference between Acceptance in Verify Scope and Acceptance in Closing Process Group

AP

Thu, 03/21/2013 - 15:07

Simple differenc is, acceptance in Verify Scope proces is for each and every individual deliverable whereas accpetance in the closing process group is for the product or end result as a whole.

campes (not verified)

Thu, 03/21/2013 - 19:20

Another sample about Closing from http://pmsimu.com/question/556

 

 

Considering the following scenario:

Sharing ratio: 75:25
Target cost: $58,000
Actual cost: $50,000
Target fee: $7,000
Maximum fee: $15,000
Minimum fee: $2,000

What would be the gain of a seller in the end of a Cost Plus Incentive Fee contract?


$9,000

$7,000

$2,000

$13,000

 

 

bpatel

Thu, 03/21/2013 - 19:59

A is the answer

bpatel

Mon, 03/25/2013 - 18:10

I am still finding conflicting answers to questions on this


'Where is product acceptance done'


Sometimes its Verify Scope and Sometimes is closing.


Which one will be correct in exam?