Control Procurements Guide

Control Procurements is a significant process in the Project Procurement Management knowledge area under CAPM. It involves the management of procurement relationships, performance and contract conditions, and the making of necessary adjustments and corrections as needed.

Why is it important?
Control Procurements ensures that both the buyer and provider meet their contractual obligations, and it allows the project's objectives to be achieved. It aids in risk assessment and minimization, thus protecting the project from potential procurement-related issues.

What is it?
It's a method by which procurement documentation is reviewed and performance reports are checked to assess overall procurement performance. This process includes identifying potential problems or areas of concern that may need to become a procurement work performance information.

How it works?
This process includes activities such as seller performance evaluation, project performance appraisals, payment systems, procurements closure, and necessary documentation to certify work performance and finalise contractual agreements.

Exam Tips: Answering Questions on Control Procurements
1. Understand the key procedures and concepts involved in Control Procurements process.
2. Be familiar with common terms and definitions including Contract Change Control System, Claims Administration, and Procurement Performance Reviews.
3. Practice interpreting project scenarios and applying knowledge of Control Procurements.
4. In answers, always relate the process back to the main goals of Control Procurements: ensuring contract compliance and achieving project objectives.
5. Remember that Control Procurements involves both managing current procurements and making necessary adjustments for the future.