Thursday, September 15, 2011

What is Procurement Audit in PMP?

A procurement audit is:

  • a formal evaluation of both supplier's performance of the contract, as well as the effectiveness of the procurement process itself.
  • to establish a record that may be used to shape procurement practices in other contracts for this project or for other projects.

8 comments:

Reema Kapoor said...

PMP Delhi Aspirants should See this PMP Certification Delhi

PMGuy said...

4 Cheap & Best Alternatives to Earn PMP 35 Contact Hours

eyeDeaList said...

PMP has major similarities in Accounting huh? Im in the ICT field though

eyeDeaList said...

Audit ICT

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Adam Gill said...

Please do write more on PMP Preparation
all students should take PMP very seriously Regardless of how advanced your project management experience or education might be, you should still prepare vigorously for the exam.

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PMGuy said...

PMBOK Guide 5th Edition is released now. Even though new edition of the book is out, PMI is still following the PMBOK Guide 4th edition for the PMP exam until July 31, 2013. All PMP training and study guide providers are in the process of updating their materials for upcoming change. New versions of the PMP 35 Contact Hour Trainings will be available sometime in June. But if you are preparing for the PMP exam now, it is highly recommended that you take it before July 31st using PMBOK Guide 4th Edition. This will give you access to a lot of PMP Exam lessons learned and other study aids.

Casey Dale said...

Procurement management helps you identify a suitable supplier or a contractor to get or lease goods or services. These days, procurement management is a necessity of organizations, and everyone must deal with it at some point in their business life.

Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)