Statement: Procurement management follows a process similar to the project klife cycle: plan, conduct, control, and close out

Question

Quizplus · Accepted Answer

Procurement management indeed follows a process similar to the project life cycle, which includes planning the procurement, conducting procurements, controlling and managing contracts, and closing out the procurement process. This ensures that the procurement activities align with the needs of the project and are executed efficiently.

Statement: Procurement Management Follows a Process Similar to the Project