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A. Identifying successes and failures that should be recognized B. Using the payment system to process consideration as per the terms of the contract C. Reviewing the contract terms to ensure that they have all been met D. Documenting lessons learned
The Answer is B. Using the payment system to process consideration as per the terms of the contract
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I go with the option A - Identifying successes and failures that should be recognized. Procurement audits are used to identify project successes and failures so that best practice is ensured when contracting.
Procurement audits identify successes and failures that project managers should take note of when preparing or administering other procurement contracts for the project or other projects.
The procurement audit includes examining activities related to requirements definition, tendering, bid evaluation, contract award, contract examination, and contract closure.
Answer: BExplanation: Once you've closed out a contract, it's important to conduct a procurement audit. This is where you go over everything that happened on the project to figure out the lessons learned, and look for anything that went right or wrong. However, consideration - or payment - is not part of an audit (unless there was a problem processing or paying it). the contract until it's been paid
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