CAPM (Certified Associate in Project Management) Practice Exam

What organizational process assets are updated at 'close project or phase' process?

1. Stakeholder register and communication matrix

2. Risk register and quality management plan

3. Formal acceptance/project closure documentation

4. Project schedule and cost baseline

The correct answer is: Formal acceptance/project closure documentation

During the 'close project or phase' process, formal acceptance and project closure documentation are updated in the organizational process assets. This documentation summarizes the project's outcome, captures lessons learned, and ensures that all project work is completed satisfactorily. Updating this information is crucial for future reference and for improving project management processes in the organization. While stakeholder register and communication matrix (Option A), risk register and quality management plan (Option B), and project schedule and cost baseline (Option D) may be important documents and artifacts throughout the project lifecycle, they are not specifically updated during the 'close project or phase' process.