____ audits are often performed during contract closure to identify lessons learned in the entire procurement process.
A) Record
B) Procurement
C) Purchase
D) Update

Question

Quizplus · Accepted Answer

Procurement audits are often performed during contract closure to evaluate the entire procurement process, assess contract performance, and identify lessons learned. This helps to improve the procurement process in future projects. Record audits are focused on reviewing project documentation, while purchase audits focus on ensuring compliance with purchasing policies and procedures. Update audits are not commonly used in a procurement context.

____ Audits Are Often Performed During Contract Closure to Identify