CAPM (Certified Associate in Project Management) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the CAPM (Certified Associate in Project Management) exam with our informative quiz. Test your knowledge through multiple-choice questions and detailed explanations to boost your confidence and readiness for the certification.

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.

What is the purpose of procurement performance reviews?

To audit financial transactions
To update the WBS
To review seller’s progress and identify performance
To manage the team's performance

The correct answer is: To review seller’s progress and identify performance

Procurement performance reviews are conducted to review the seller's progress and identify their performance. This helps the project team to ensure that the seller is meeting the project requirements and delivering according to the agreed-upon terms and conditions. By monitoring the seller's performance, project managers can address any issues early on and take necessary actions to keep the project on track. Options A, B, and D are incorrect: A. Procurement performance reviews are not conducted to audit financial transactions. Auditing financial transactions is a separate process aimed at verifying the accuracy and compliance of financial records. B. Updating the Work Breakdown Structure (WBS) is not the primary purpose of procurement performance reviews. The WBS is a project management tool used to break down project deliverables and work into smaller, manageable components. D. Managing the team's performance is an important aspect of project management but is not the primary purpose of procurement performance reviews. These reviews are specifically focused on evaluating the seller's progress and performance.