CAPM (Certified Associate in Project Management) Practice Exam

Question: 1 / 885

What is Project Procurement Management responsible for?

The management of project team recruitment and organization

Monitoring and controlling project expenses and budget

The life cycle of the procurement contracts

Project Procurement Management is responsible for managing the life cycle of procurement contracts. This involves processes such as solicitation, vendor selection, contract negotiation, and contract administration. It focuses on ensuring that the project acquires necessary goods and services from external sources in a cost-effective and timely manner. This area of project management is crucial for successful project execution and delivery.

Options A, B, and D do not directly relate to Project Procurement Management.

- Project team recruitment and organization fall under Human Resource Management.

- Monitoring and controlling project expenses and budget are part of Cost Management.

- Developing and maintaining relationships with external stakeholders are part of Stakeholder Management.

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Developing and maintaining relationships with external stakeholders

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