The project manager and the project team are in the process of documenting procurement decisions. Which of the following will be the procurement strategy?

The correct answer is A. Payment types, delivery methods, and procurement phases. The procurement strategy is a specific document developed during the Plan Procurement Management process. According to PMBOK, it covers three core components: delivery methods (how goods/services will be delivered), contract payment types (e.g., fixed-price, cost-reimbursable), a

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Question

The project manager and the project team are in the process of documenting procurement decisions. Which of the following will be the procurement strategy?

Options

APayment types, delivery methods, and procurement phases
BProcurement metrics, make-or-buy decisions, and procurement statement of work
CVendor selection criteria, stakeholder roles and responsibilitys, and prequalified sellers
DTimetable procurement activities, product cost, and knowledge transfer schedule

How the community answered

(20 responses)

A
85% (17)
B
10% (2)
C
5% (1)

Explanation

The procurement strategy is a specific document developed during the Plan Procurement Management process. According to PMBOK, it covers three core components: delivery methods (how goods/services will be delivered), contract payment types (e.g., fixed-price, cost-reimbursable), and procurement phases. Option B describes other procurement artifacts (SOW, make-or-buy analysis). Option C describes seller evaluation criteria and prequalification, not the strategy itself. Option D mixes budget and scheduling items that are not part of the procurement strategy definition.

Topics

#Procurement Strategy#Project Procurement Management#Planning Procurements#Procurement Decisions

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