diff --git a/extension/tasks/dependabotV2/index.ts b/extension/tasks/dependabotV2/index.ts
index 94c4c87f..99df8445 100644
--- a/extension/tasks/dependabotV2/index.ts
+++ b/extension/tasks/dependabotV2/index.ts
@@ -7,13 +7,14 @@ import {
   parseProjectDependencyListProperty,
   parsePullRequestProperties,
 } from './utils/dependabot-cli/DependabotOutputProcessor';
+import { IDependabotUpdateOperationResult } from './utils/dependabot-cli/interfaces/IDependabotUpdateOperationResult';
 import { IDependabotUpdate } from './utils/dependabot/interfaces/IDependabotConfig';
 import parseDependabotConfigFile from './utils/dependabot/parseConfigFile';
 import parseTaskInputConfiguration from './utils/getSharedVariables';
 
 async function run() {
   let dependabot: DependabotCli = undefined;
-  let failedJobs: number = 0;
+  let failedTasks: number = 0;
   try {
     // Check if required tools are installed
     debug('Checking for `docker` install...');
@@ -99,38 +100,38 @@ async function run() {
       const existingPullRequestDependencies = Object.entries(existingPullRequests).map(([id, deps]) => deps);
 
       // Run an update job for "all dependencies"; this will create new pull requests for dependencies that need updating
-      const allDependenciesJob = DependabotJobBuilder.newUpdateAllJob(
-        taskInputs,
-        updateId,
-        update,
-        dependabotConfig.registries,
-        dependencyList?.['dependencies'],
-        existingPullRequestDependencies,
+      failedTasks += handleUpdateOperationResults(
+        await dependabot.update(
+          DependabotJobBuilder.newUpdateAllJob(
+            taskInputs,
+            updateId,
+            update,
+            dependabotConfig.registries,
+            dependencyList?.['dependencies'],
+            existingPullRequestDependencies,
+          ),
+          dependabotUpdaterOptions,
+        ),
       );
-      const allDependenciesUpdateOutputs = await dependabot.update(allDependenciesJob, dependabotUpdaterOptions);
-      if (!allDependenciesUpdateOutputs || allDependenciesUpdateOutputs.filter((u) => !u.success).length > 0) {
-        allDependenciesUpdateOutputs?.filter((u) => !u.success)?.forEach((u) => exception(u.error));
-        failedJobs++;
-      }
 
       // If there are existing pull requests, run an update job for each one; this will resolve merge conflicts and close pull requests that are no longer needed
       const numberOfPullRequestsToUpdate = Object.keys(existingPullRequests).length;
       if (numberOfPullRequestsToUpdate > 0) {
         if (!taskInputs.skipPullRequests) {
           for (const pullRequestId in existingPullRequests) {
-            const updatePullRequestJob = DependabotJobBuilder.newUpdatePullRequestJob(
-              taskInputs,
-              pullRequestId,
-              update,
-              dependabotConfig.registries,
-              existingPullRequestDependencies,
-              existingPullRequests[pullRequestId],
+            failedTasks += handleUpdateOperationResults(
+              await dependabot.update(
+                DependabotJobBuilder.newUpdatePullRequestJob(
+                  taskInputs,
+                  pullRequestId,
+                  update,
+                  dependabotConfig.registries,
+                  existingPullRequestDependencies,
+                  existingPullRequests[pullRequestId],
+                ),
+                dependabotUpdaterOptions,
+              ),
             );
-            const updatePullRequestOutputs = await dependabot.update(updatePullRequestJob, dependabotUpdaterOptions);
-            if (!updatePullRequestOutputs || updatePullRequestOutputs.filter((u) => !u.success).length > 0) {
-              updatePullRequestOutputs?.filter((u) => !u.success)?.forEach((u) => exception(u.error));
-              failedJobs++;
-            }
           }
         } else {
           warning(
@@ -141,10 +142,10 @@ async function run() {
     }
 
     setResult(
-      failedJobs ? TaskResult.Failed : TaskResult.Succeeded,
-      failedJobs
-        ? `${failedJobs} update job(s) failed, check logs for more information`
-        : `All update jobs completed successfully`,
+      failedTasks ? TaskResult.Failed : TaskResult.Succeeded,
+      failedTasks
+        ? `${failedTasks} update tasks(s) failed, check logs for more information`
+        : `All update tasks completed successfully`,
     );
   } catch (e) {
     setResult(TaskResult.Failed, e?.message);
@@ -154,6 +155,33 @@ async function run() {
   }
 }
 
+/**
+ * Handles the results of an update operation.
+ * @param outputs The processed outputs of the update operation.
+ * @returns The number of failed tasks (i.e. outputs that could not be processed).
+ * @remarks
+ * If the update operation completed with all outputs processed successfully, it will return 0.
+ * If the update operation completed with no outputs, it will return 1.
+ * If the update operation completed with some outputs processed unsuccessfully, it will return the number of failed outputs.
+ */
+function handleUpdateOperationResults(outputs: IDependabotUpdateOperationResult[] | undefined) {
+  let failedTasks = 0; // assume success, initially
+  if (outputs) {
+    // The update operation completed, but some output tasks may have failed
+    const failedUpdateTasks = outputs.filter((u) => !u.success);
+    if (failedUpdateTasks.length > 0) {
+      // At least one output task failed to process
+      failedUpdateTasks.forEach((u) => exception(u.error));
+      failedTasks += failedUpdateTasks.length;
+    }
+  } else {
+    // The update operation critically failed, it produced no output
+    failedTasks++;
+  }
+
+  return failedTasks;
+}
+
 function exception(e: Error) {
   if (e) {
     error(`An unhandled exception occurred: ${e}`);
diff --git a/extension/tasks/dependabotV2/utils/azure-devops/AzureDevOpsWebApiClient.ts b/extension/tasks/dependabotV2/utils/azure-devops/AzureDevOpsWebApiClient.ts
index a01362c2..3d1c644d 100644
--- a/extension/tasks/dependabotV2/utils/azure-devops/AzureDevOpsWebApiClient.ts
+++ b/extension/tasks/dependabotV2/utils/azure-devops/AzureDevOpsWebApiClient.ts
@@ -499,7 +499,7 @@ export class AzureDevOpsWebApiClient {
     projectId: string,
     name: string,
     valueBuilder: (existingValue: string) => string,
-  ): Promise<void> {
+  ): Promise<boolean> {
     try {
       // Get the existing project property value
       const core = await this.connection.getCoreApi();
@@ -514,9 +514,12 @@ export class AzureDevOpsWebApiClient {
           value: valueBuilder(propertyValue || ''),
         },
       ]);
+
+      return true;
     } catch (e) {
       error(`Failed to update project property '${name}': ${e}`);
       console.debug(e); // Dump the error stack trace to help with debugging
+      return false;
     }
   }
 }
diff --git a/extension/tasks/dependabotV2/utils/dependabot-cli/DependabotOutputProcessor.ts b/extension/tasks/dependabotV2/utils/dependabot-cli/DependabotOutputProcessor.ts
index 97ab9d00..0415b3b9 100644
--- a/extension/tasks/dependabotV2/utils/dependabot-cli/DependabotOutputProcessor.ts
+++ b/extension/tasks/dependabotV2/utils/dependabot-cli/DependabotOutputProcessor.ts
@@ -60,8 +60,8 @@ export class DependabotOutputProcessor implements IDependabotUpdateOutputProcess
       case 'update_dependency_list':
         // Store the dependency list snapshot in project properties, if configured
         if (this.taskInputs.storeDependencyList) {
-          console.info(`Storing the dependency list snapshot for project '${project}'...`);
-          await this.prAuthorClient.updateProjectProperty(
+          console.info(`Updating the dependency list snapshot for project '${project}'...`);
+          return await this.prAuthorClient.updateProjectProperty(
             this.taskInputs.projectId,
             DependabotOutputProcessor.PROJECT_PROPERTY_NAME_DEPENDENCY_LIST,
             function (existingValue: string) {
@@ -76,7 +76,6 @@ export class DependabotOutputProcessor implements IDependabotUpdateOutputProcess
               return JSON.stringify(repoDependencyLists);
             },
           );
-          console.info(`Dependency list snapshot was updated for project '${project}'`);
         }
 
         return true;