CAPM (Certified Associate in Project Management) Practice Exam

What outcome is expected from successful procurement negotiations?

1. Project closure documents

2. A signed agreement

3. A project schedule update

4. A new project budget

The correct answer is: A signed agreement

Successful procurement negotiations are expected to result in a signed agreement. This is the most crucial outcome as it signifies a mutual understanding and acceptance of the terms and conditions by both parties involved in the procurement process. The signed agreement solidifies the legal and contractual obligations of all parties and lays the foundation for the successful execution of the project. Therefore, a signed agreement is the correct answer. Options A, C, and D are incorrect as they do not directly relate to the outcome of procurement negotiations. Project closure documents are prepared at the end of a project, a project schedule update is related to project planning and control, and a new project budget would typically be developed based on the agreed-upon terms in the signed agreement, but it is not the immediate outcome of procurement negotiations.