CHAPTER 12 PROCUREMENT
Procurement management questions on the PMP exam tend to be more process oriented than legally oriented. You do not need to know any country’s specific legal code; however, the nature of many of the questions requires an understanding of United States contract law. In the United States, a contract is a formal agreement, all changes must be in writing and formally controlled, and a court system is used for handling disputes. You must have a firm understanding of the procurement process in order to answer these questions accurately.
The PMBOK® Guide discusses procurement management from the perspective of the buyer in the buyer-seller relationship, and from the perspective that the seller ...