CAPM (Certified Associate in Project Management) Practice Exam

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Study for the Certified Associate in Project Management Exam with practice questions and answers. Enhance your understanding of project management principles and strategies to excel in the exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What are procurement negotiations aimed at achieving?

Determining the project team
Agreement on overall procurement scope
Entertainment of stakeholders
Selection of project manager

The correct answer is: Agreement on overall procurement scope

Procurement negotiations are aimed at achieving an agreement on the overall procurement scope. During these negotiations, the buyer and seller work together to define the terms and conditions of the procurement, including deliverables, timelines, pricing, and other essential aspects of the project's procurement process. This agreement ensures that both parties have a clear understanding of what needs to be procured, under what conditions, and at what cost. This helps in establishing a solid foundation for the procurement process and mitigates potential risks and misunderstandings down the line. The other options mentioned are not the primary focus of procurement negotiations: A. Determining the project team is typically done during project planning and is not the primary objective of procurement negotiations. C. Entertainment of stakeholders is not the purpose of procurement negotiations; the focus is on defining the procurement scope and terms. D. Selection of a project manager is a separate process from procurement negotiations and is typically based on the project's requirements and the qualifications of the candidates.