procurement chapter Question
In the Close Procurement process, you are responsible to complete each project procurement to support the Close Project or Phase process. In this context, the final equitable settlement of all outstanding issues, claims, and disputes by negotiation is done through:
Choice 1 Procurement Negotiations
Choice 2 Procurement audits
Choice 3 Litigation
Choice 4 Negotiated settlement
My choice was 1 Procurement negotiation since it is T&T of close procurement. but the correct answer is choice 4 Negotiated settlement.i haven't seen the term "Negotiated settlement" in pmbok. please help me whats wrong with my understanding.
Thanks.


signor_rk
Sat, 09/20/2014 - 16:31
Permalink
Negotiated settlement
Yes, the correct Option is Option # 4. Negotiated settlement
(Ref. Page # 547 , PMBOK5)