Question

Which of the ten knowledge areas defined in the Project Management Body of Knowledge includes the activities of purchasing or acquiring products, services or results from outside the project team? ​ a. Communications management b. Scope management c. Quality management d. Procurement management

Answer 1

Answer:

d. Procurement management

Explanation:

There are ten knowledge areas that are defined in the Management Body of Knowledge, they are project integration management, scope management, cost management, communications management, procurement management, quality management, risk management, cost management, resources management, and stakeholder management. All these processes are involved when managing a typical project.

Project procurement management deals with the outsourcing and purchase of materials, services or results from outside the team managing the project. It could be in the form of hiring subcontractors to execute a particular job. Outside vendors and suppliers are liaised with to procure materials or goods needed for the completion of a project.