A project needs to acquire a large volume of electrical supplies on a weekly delivery cycle. There are many suppliers interested in partnering, so the project manager feels con dent they can negotiate a good price. What should the project manager do first in order to ensure the best overall value in the future contract?

Questions › Category: PMP › A project needs to acquire a large volume of electrical supplies on a weekly delivery cycle. There are many suppliers interested in partnering, so the project manager feels con dent they can negotiate a good price. What should the project manager do first in order to ensure the best overall value in the future contract?

0 Vote Up Vote Down

Admin Staff asked 11 months ago

A project needs to acquire a large volume of electrical supplies on a weekly delivery cycle. There are many suppliers interested in partnering, so the project manager feels con dent they can negotiate a good price.
What should the project manager do first in order to ensure the best overall value in the future contract?

A. Meet with the project sponsor to learn more about past contracting efforts for electrical supplies.

B. Contact each of the potential suppliers to understand their price schedules for the required supplies.

C. Identify the policies, procedures, guidelines, and legal parameters that are required in the contract.

D. Create a time-based bill of materials containing the supplies that need to be delivered each week.










Correct Answer: C

This question is in PMP exam
For getting PMP Certificate