The closing procurements process supports the overall project closing process in that it verifies that all deliverables from the contract are acceptable (meet quality standards) and officially approved.

Question

Quizplus · Accepted Answer

The closing procurements process is a part of the project procurement management knowledge area and focuses on completing and settling the contracts with the vendors or suppliers. By verifying that all deliverables meet quality standards and are approved, the closing procurements process ensures that the project is closed efficiently and effectively. Therefore, the statement is true.

The Closing Procurements Process Supports the Overall Project Closing Process