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!

Practice this question and more.

Which of the following is an output of plan procurement management?

Procurement management plan
Marketplace conditions
Management systems
Established multi-tier system of prequalified selers

The correct answer is: Procurement management plan

The correct answer is A. Procurement Management Plan. This output is the result of the Plan Procurement Management process in project management. The Procurement Management Plan helps in establishing the procurement strategy for the project, including how procurement will be managed throughout the project lifecycle. It outlines the procurement requirements, identifies potential sellers, and sets the guidelines for managing contracts and relationships with vendors. Options B, C, and D are incorrect as they do not directly align with the specific output of the Plan Procurement Management process. Marketplace conditions and an established multi-tier system of prequalified sellers may be considered inputs or factors to be considered during the procurement process, but they are not direct outputs of the Plan Procurement Management process. Management systems are more related to general project management or organizational processes and are not specific outputs of procurement planning.