CAPM (Certified Associate in Project Management) Practice Exam

What happens during procurement negotiations in close procurements?

1. Early termination of contracts

2. Procurement file updates

3. Claims, disputes, appeals are brought to settlement

4. Lessons learned documentation

The correct answer is: Claims, disputes, appeals are brought to settlement

During procurement negotiations in close procurements, claims, disputes, and appeals are brought to settlement. This is the correct answer because during this phase, any outstanding issues related to the procurement are resolved through negotiation and agreement between the buyer and the seller. This process ensures that both parties are satisfied with the final outcome and that any disputes or claims are settled before closing the procurement contract. Options A, B, and D are incorrect: A. Early termination of contracts typically occurs earlier in the procurement process when there are significant issues or breaches of contract that cannot be resolved. B. Procurement file updates are usually conducted throughout the procurement process to ensure documentation accuracy and completeness and are not specific to the close procurements phase. D. Lessons learned documentation is a process that typically occurs at the end of the project to document what went well, what did not, and what can be improved for future projects. It is not directly related to the close procurements phase and negotiations within procurement contracts.