Project Managers need to have an understanding of Project Procurement Management

Question

Project Managers need to have an understanding of Project Procurement Management because the ________.

A.    Project Manager procures the products, services, or results required by the project.

B.    Project Manager must ensure that products, services, or results are procured at the lowest possible cost.

C.    Project Manager is responsible for defining the needs of the project and for managing the schedule activities of the procurement professional who is a part of the project team.

D.    Project Manager is responsible for the creation of the procurement management plan, which is then turned over to the buyer, who then initiates the Request Seller Responses.

Explanation / Answer

B.  Project Manager must ensure that products, services, or results are procured at the lowest possible cost. This because the company major chuck of cost is the purchase of product or services. Hence Project Manager should have basic understanding of Project Procurement management.

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