Final answer:
The 'Administer Procurements' process is part of the 'Monitoring and Controlling' process group, which oversees the relationships and performance of contracts in project management.
Step-by-step explanation:
The Administer Procurements process belongs to the Monitoring and Controlling process group. This group is one of the five project management process groups defined by the Project Management Institute (PMI) in their Project Management Body of Knowledge (PMBOK). The Administer Procurements process involves managing procurement relationships, monitoring contract performance, making changes and corrections as needed, and closing out contracts. In essence, it oversees the relationship between the buyer and the seller to ensure compliance with the contract terms and satisfaction of both parties involved