question - on conduct procurement
Submitted by philzs on Sun, 04/12/2015 - 02:23
pmstudy e4q120
i got a weird question from pmstudy
Which of the following should you(buyer) pay attention when you conduct procurement?
1 ensure that contractual obligation are met
2 apply project management
3 monitor payment to seller
4 perform regular procurement audit
ans : 4
no idea why its answer 4 as procurement audit is in close procurement
anyone?
Forums:
admin
Mon, 04/13/2015 - 04:36
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Other 3 are to be performed
Other 3 are to be performed by Seller. Only option 4 is for buyer.
1 ensure that contractual obligation are met - Mainly ensured by seller. Buyer will conduct audits to ensure obligations are met and ask for reports.
2 apply project management
PM is for seller , vendor management for buyer.
3 monitor payment to seller
Its important but more of operational activity . Option 4 is best answer.
jyotig
Mon, 04/13/2015 - 09:16
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As per PMBOK
As per page number 388 0f PMBOK 5th edition , procurment audit is a structured reveiew orginated from plan procurement management processes through conduct procurement.
Although it is done in close procurement but for a PM as buyer it starts in planning stage itself.
Thanks