Project Management Professional (PMP) — Question 234

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?

Answer options

• A. Analyze the bounds of negotiations for project agreements.
• B. Re-visit the project charter and seek other alternatives.
• 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.

Correct answer: B

Explanation

The correct answer is B because revisiting the project charter allows the project manager to reassess the project's goals and explore alternative solutions, which is necessary given the high bid and low confidence in ROI. The other options, such as negotiating or proceeding with the order, do not address the underlying issue of the inadequate bid and potential ROI concerns.