CAPM (Certified Associate in Project Management) Practice Exam

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What is early termination of a contract considered in procurement closure?

A type of procurement negotiation
A cause for lessons learned documentation
A special case of procurement closure
A procedure for updating org process assets

The correct answer is: A special case of procurement closure

Early termination of a contract is considered a special case in procurement closure because it involves ending the contractual relationship before the agreed-upon terms have been fulfilled. This situation requires particular attention and documentation to ensure that all parties involved understand the reasons for the termination, any resulting liabilities or penalties, and the proper steps to close out the procurement process in an efficient and effective manner. While options A, B, and D may have some relevance to certain aspects of procurement management, they do not specifically address the unique circumstances and implications of early contract termination as option C does.