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Question 679 - PMP discussion

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During the service procurement process for a strategic project, only one bidder submitted a bid.

The price of the offer is significantly large and the project sponsor is not I convinced that the return on investment (ROI) can be achieved.

How should the project manager address this issue?

A.
Analyze the bounds of negotiations for project agreements.
Answers
A.
Analyze the bounds of negotiations for project agreements.
B.
Re-visit the project charter and seek other alternatives.
Answers
B.
Re-visit the project charter and seek other alternatives.
C.
Speak with the CEO and ask for their support to approve the offer.
Answers
C.
Speak with the CEO and ask for their support to approve the offer.
D.
Proceed and issue the purchase order as this project is important.
Answers
D.
Proceed and issue the purchase order as this project is important.
Suggested answer: B

Explanation:

The project manager should first revisit the project charter and assess if the project goals and objectives can be met with other alternatives. This could include re-evaluating the project requirements, researching other suppliers and/or re-designing the project in order to reduce the cost. If all other alternatives are exhausted, then the project manager should seek approval from the project sponsor or the CEO to proceed with the purchase order.

Explanation:

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asked 23/09/2024
Jonathan Marboux
34 questions
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