Project Procurement Management Mainly Involves

question 48

Multiple Choice

Project procurement management mainly involves:

• A) making effective use of the people involved with the project.
• B) buying goods and services for a project from outside the performing organization.
• C) generating, collecting, disseminating, and storing project information.
• D) identifying and analyzing stakeholder
• Needs while managing and controlling their engagement.

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Definitions:

Maturity

The date on which the principal amount of a bond, loan, or other financial instrument becomes due and is to be paid in full.

Marking To Market

The process of updating the value of a financial instrument to reflect its current market value, rather than its purchase price or book value.

Daily Settlement

The process of reconciling buy and sell positions in futures and options markets at the end of each trading day based on the closing market prices.

Futures Positions

Futures positions are commitments to buy or sell a specified amount of a commodity, currency, or financial instrument at a specified price on a set future date.