Monitoring contract performance and making changes or taking corrective actions when needed refers to which of the following Project Procurement Management processes?
A)Plan Procurements
B)Conduct Procurements
C)Administer Procurements
D)Close Procurements
E)Plan Exit Strategy

Question

Quizplus · Accepted Answer

Administer Procurements involves monitoring and managing contract performance and making changes or taking corrective actions when needed. Plan Procurements focuses on identifying what needs to be procured and developing a procurement management plan. Conduct Procurements involves obtaining seller responses, selecting a seller, and awarding a contract. Close Procurements involves completing and settling the procurement contract. Plan Exit Strategy is not a Project Procurement Management process but rather a part of the project closure process.

Monitoring Contract Performance and Making Changes or Taking Corrective Actions