Which is the order of steps in the Procurement Management process?

Question

Options

• AIdentifying and planning procurement requirements, obtaining quotes or proposals, negotiating with vendors, contracting with selected vendors, and controlling procurements.
• BIdentifying and planning procurement requirements, negotiating with vendors, contracting with selected vendors, obtaining quotes or proposals, and controlling procurements.
• CControlling procurements, identifying and planning procurement requirements, obtaining quotes or proposals, negotiating with vendors, and contracting with selected vendors.
• DObtaining quotes or proposals, identifying and planning procurement requirements, negotiating with vendors, contracting with selected vendors, and controlling procurements.

• A
  87% (20)
• B
  9% (2)
• C
  4% (1)

Explanation

The Procurement Management process follows a logical sequential flow: (1) Plan Procurement Management - identify what needs to be procured and how; (2) Conduct Procurements - solicit quotes or proposals from vendors; (3) negotiate terms with selected vendors; (4) award and sign contracts; and (5) Control Procurements - monitor vendor performance and manage contract changes. Options B, C, and D place these steps out of logical order. For example, you cannot negotiate before obtaining proposals, and you cannot control procurements before contracts exist.

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