Project Management Professional (PMP) — Question 776

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 confident 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?

Answer options

• 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

Explanation

The correct answer is C because understanding the policies, procedures, guidelines, and legal parameters is crucial for drafting a compliant and effective contract. Options A and B, while helpful, do not address the foundational requirements necessary for contract formation. Option D focuses on logistics but does not encompass the legal and procedural aspects needed for a successful contract.