CAPM (Certified Associate in Project Management) Practice Exam

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What are the 4 processes of Project Procurement Management?

Plan Procurement Management, Conduct Procurements, Control Procurements, Close Procurements
Initiate Procurements, Assess Procurements, Implement Procurements, Finalize Procurements
Define Procurement Needs, Select Vendors, Manage Vendor Contracts, Terminate Contracts
Outline Procurement Strategy, Execute Procurements, Monitor Procurements, Review Procurements

The correct answer is: Plan Procurement Management, Conduct Procurements, Control Procurements, Close Procurements

The incorrect options refer to processes or terms that are not part of Project Procurement Management. Option B includes the term "Assess Procurements" which is not a defined process. Option C includes the process "Select Vendors" which is not one of the 4 processes of Project Procurement Management. Option D includes the term "Outline Procurement Strategy" which is not a defined process, and "Review Procurements" which is not one of the 4 processes. Option A is the only set of processes that correctly identifies the 4 defined processes of Project Procurement Management.