CAPM (Certified Associate in Project Management) Practice Exam

What tools and techniques are used in close procurements?

1. Procurement negotiations and audits

2. Scope management techniques

3. Performance reviews

4. Quality control tools

The correct answer is: Procurement negotiations and audits

In the close procurements process, the main focus is on verifying that all work and deliverables are completed according to the terms and conditions of the contract. This involves ensuring that all necessary procurement documents are finalized and that the project or phase is formally closed. Among the tools and techniques used in close procurements, procurement negotiations and audits play a crucial role. Procurement negotiations are important for resolving any outstanding issues or disputes with the procurement vendor, ensuring that all parties fulfill their obligations under the contract. Audits are conducted to review the procurement process, contracts, and deliverables to confirm that everything is completed as required. Scope management techniques, performance reviews, and quality control tools are not directly related to the close procurements process. Scope management techniques focus on defining, controlling, and managing change to the project scope. Performance reviews are used to evaluate project team performance and progress. Quality control tools are employed to ensure that deliverables meet the required quality standards. While these tools and techniques are relevant to project management, they are not specifically used in the close procurements process.