What is Project Procurement Management? - Definition & Process

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The relationship with outside suppliers for goods and services needed to complete projects is know as what?

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1. Which one is NOT a step in the process of project procurement management?

2. What is the first step of project procurement management?

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About This Quiz & Worksheet

Project procurement management is a process important to many businesses. Check your understanding of the steps in this process with this quiz and worksheet.

Quiz & Worksheet Goals

Questions focus on:

  • The step in which a company sets up conferences with suppliers and asks for bids
  • Contract creation step
  • First step in the project procurement management process

Skills Practiced

  • Information recall - access the knowledge you've gained regarding the term that describes the relationship between a company and the outside suppliers they need for goods and services to complete projects
  • Knowledge application - use your knowledge to answer a question about the first step of project procurement management
  • Reading comprehension - ensure that you draw the most accurate information from the lesson on project procurement management

Additional Learning

The lesson titled What is Project Procurement Management? - Definition & Process will teach you about project procurement. The objectives covered include:

  • Review an example of the project procurement management process in action
  • Know the five steps in project procurement management
  • Understand the benefit of project procurement management
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