Procurement Question
Submitted by san on Sat, 05/11/2013 - 02:51
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Which of the following should you (the buyer) pay attention to when you administer a contract? |
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Choice 1 |
Ensure that contractual obligations are met. |
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Choice 2 |
Apply appropriate project management processes to the contractual relationship and integrate the outputs from these processes to the overall management of the project. |
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Choice 3 |
Monitor payments to the seller. |
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Choice 4 |
Perform regular procurement audits. |
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Forums:
khaledfawzy
Sat, 05/11/2013 - 05:42
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Choice 2
Choice 2
crushPMP
Sat, 05/11/2013 - 05:50
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3?
3?
BK
Sat, 05/11/2013 - 06:49
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3
3
san
Sat, 05/11/2013 - 07:08
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I too answered 3 . but as per
I too answered 3 . but as per key it is 4 with the below explanation. Please clarify on this
A procurement audit is a structured review of the procurement process
originating from Plan Procurements process through Administer Procurements process.
This is one of the tools and techniques used in Close Procurements process.
Geethika
Sat, 05/11/2013 - 12:08
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1
Choice 1
During Administer procurements, Buyer or Seller both must ensure that Contractual obligations are met from both sides. Its important than other choices.
(Pmbok - Administer procurements - intro para)