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A. Administrative closure is performed by the seller; contract closure is performed by the buyer B. Administrative closure involves the stakeholders and the team; contract closure involves only the team but not the stakeholdersC. Administrative closure defines actions the team must take; contract closure defines legal commitments D. Administrative closure means verifying that the project is complete or terminated; contract closure means verifying that the contract terms were satisfied
D. Administrative closure means verifying that the project is complete or terminated; contract closure means verifying that the contract terms were satisfied
D
Explanation: When you close out a project, there are two main things you need to do: administrative closure and contract closure. Administrative closure means working with the team to make sure that all of your project's exit criteria are met. If the project was successful, then you need to make sure you have formal acceptance from the stakeholders, and that the product meets its requirements. If the project was terminated early, you still need to store the project documents. And in both cases you need to write lessons learned! Contract closure is what you do to make sure that your contract's terms are satisfied. If your project went well, then this means making sure that payment was made and all of the clauses of the contract were adhered to. But even if the project got terminated, there may still be some contractual obligations that need to be met. Understanding the difference between these two things can really help you on the exam!
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