The PMBOK process of documenting project procurement decisions,specifying the approach and identifying potential sellers is known as:
A) Define supply chain.
B) Plan procurement management.
C) Schedule procurements.
D) Negotiate contracts

Question

Quizplus · Accepted Answer

The PMBOK process of documenting project procurement decisions, specifying the approach and identifying potential sellers is known as Plan procurement management. This process is focused on creating a procurement management plan that outlines the procurement requirements for the project and how they will be managed, executed, and controlled. It includes determining what to purchase, when to purchase it, how much to purchase, and how it will be purchased.

The PMBOK Process of Documenting Project Procurement Decisions,specifying the Approach