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Achieve PMP Exam Success, 5th Edition by Janice Preston, Diane Altwies

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CHAPTER 12    PROCUREMENT

PROCUREMENT MANAGEMENT

Procurement management questions on the PMP exam tend to be more process oriented than legally oriented. You do not need to know any country’s specific legal code; however, the nature of many of the questions requires an understanding of United States contract law. In the United States, a contract is a formal agreement, all changes must be in writing and formally controlled, and a court system is used for handling disputes. You must have a firm understanding of the procurement process in order to answer these questions accurately.

EXAM TIP

The PMBOK® Guide discusses procurement management from the perspective of the buyer in the buyer-seller relationship, and from the perspective that the seller ...

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