PMI Scheduling Professional Certification (PMI-SP) Practice Exam

In which process are seller responses obtained and a contract awarded?

1. Control Procurements

2. Plan Procurement

3. Conduct Procurements

4. Review Procurements

The correct answer is: Conduct Procurements

The correct answer is associated with an essential phase in the procurement process, where active engagement with sellers occurs to secure the best possible solutions for the project’s needs. Conducting procurements involves soliciting proposals, bids, or quotes from potential sellers, evaluating these responses, and ultimately awarding contracts based on that evaluation. During this process, project managers and their teams clarify requirements, negotiate terms, and may also engage in discussions to ensure all parties fully understand expectations. The focus is on obtaining comprehensive and competitive responses from sellers to meet project objectives efficiently and effectively. This step is critical in the overall procurement management plan, as it not only results in the selection of vendors but also establishes the contractual obligations and expectations necessary to guide the project's execution. Understanding seller responses and contract details ensures that resources are aligned with project demands and helps manage cost, quality, and timelines satisfactorily. The other processes, while related, do not encompass the comprehensive activities involved in interacting with sellers and formally awarding contracts. For example, planning procurement focuses on identifying what to procure and determining procurement strategies, rather than executing contracts, while control procurements deals with managing and monitoring contracts that have been awarded. Review procurements may refer to assessing previously executed contracts but does not involve the active awarding