9. Project Procurement Management

Question 1

project procurement management

Answer 1

The project procurement management involves obtaining goods, services and supplies. Procurement includes all the materials required to complete the project. 3 procurement management processes are involved in planning, executing and monitoring phase of project management.

Question 2

project procurement management processes

Answer 2

43. Plan Procurement Management;
44. Conduct Procurements;
45. Control Procurements.

Question 3

43. Plan Procurement Management;

Answer 3

The process of documenting the material required, specifying the approach, identifying potential dealers, identifying good service required for the project within the allocated budget and assured quality.

Question 4

44. Conduct Procurements;

Answer 4

The process of selecting the seller, obtaining seller responses, and finalizing the procurement requirement with the seller through agreements. The main objective of this process is to ensure procurements are done according to the requirement for the deliverables of the project.

Question 5

45. Control Procurements.

Answer 5

The control procurement process involves managing all the procurement relationships and monitoring contract performance. This process also involves deciding the changes related to procurement wherever necessary.