Project Management Professional PMP · Free Practice Question Medium
Question 109
Jeron's team cast several custom anchors for a boating company as part of a six-month contract. The contract stipulated that Jeron would need to produce as many anchors as possible for the contract's duration. The contract specified that they would be paid a fixed rate of $100,000 at the end of the contract if they produced forty anchors and would be compensated an additional $3,000 for every additional anchor, with an upper limit of 50 anchors. Ultimately, Jeron's team produced fifty anchors. Jeron prepares receipts for $130,000 to be presented to the client upon delivery of the anchors. Which information is being used to manage the project closure?
- A Cost objectives
- B Summary description
- C Completion criteria
- D Quality objectives
Reveal correct answer
Correct answer: A
Explanation
Cost objectives are the budget goals for a project. A summary description is an overview of the project or phase presented when the project or phase is closed. Completion criteria are the specific outcomes that the project was supposed to achieve to be determined successful. Quality objectives are the level of quality in the products or services delivered.Discussion
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