Why this answer is Choice 4?

Which of the following should you (the buyer) pay attention to when you administer a contract?

Choice 1 Ensure that contractual obligations are met.

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.

Choice 3 Monitor payments to the seller.

Choice 4 Perform regular procurement audits.

Correct Choice : 4

Justification :

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.

Reference: PMBOK� Guide Fourth Edition, Pages 336 and 343