Crucial Exams

Project Management Professional Practice Question

You are the project manager negotiating a contract with a vendor. Your project has fixed deadlines due to regulatory reasons, but you have some flexibility in terms of budget. What is the best negotiation strategy to adopt in this situation?

  • Negotiate an average delivery time with moderate costs, aiming for a balanced approach.

  • Focus on minimizing costs as much as possible, even if it means negotiating longer delivery times.

  • Insist on the lowest possible bid from the vendor, prioritizing budget over all other project constraints.

  • Emphasize on the importance of meeting the project timelines, even if it means negotiating higher costs within budgetary limits.

Project Management Professional
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