Risk identification,monitoring,and control 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

Risk identification,monitoring,and control is part of the Administer Procurements process, which involves managing procurement relationships, monitoring contract performance, and making changes as necessary to achieve the project objectives. Plan Procurements focuses on documenting project requirements and identifying potential suppliers. Conduct Procurements involves obtaining quotations, bids, proposals, and selecting a vendor. Close Procurements involves completing all contractual obligations, finalizing and archiving all procurement documentation. Plan Exit Strategy is not a defined process in Project Procurement Management.

Risk Identification,monitoring,and Control Refers to Which of the Following Project