CAPM (Certified Associate in Project Management) Practice Exam

Which org process asset can influence plan procurement management?

1. Formal procurement policies/procedures

2. Project management plan

3. Make-or-buy decisions

4. Project documents updates

The correct answer is: Formal procurement policies/procedures

Org process assets are the plans, policies, procedures, and knowledge bases that an organization has established over time and uses to help guide its actions. In the case of procurement management, having formal procurement policies and procedures in place can greatly influence how the procurement process is planned and executed. These established policies and procedures can provide guidance on vendor selection, contract management, and other important aspects of procurement management. Option B, the project management plan, is a key document that outlines the approach and steps for managing a project. While it may contain some information on procurement management, it is not specifically focused on this process and therefore may not have as much influence as the formal procurement policies and procedures outlined in option A. Option C, make-or-buy decisions, is a strategic decision-making process used to determine whether certain components or services should be produced in-house or purchased from external vendors. While this process may