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PMP · Question #1088
PMP Question #1088: Real Exam Question with Answer & Explanation
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Submitted by anna_se· Apr 18, 2026Process
Question
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?
Options
- AMeet with the project sponsor to learn more about past contracting efforts for electrical supplies.
- BContact each of the potential suppliers to understand their price schedules for the required
- CIdentify the policies, procedures, guidelines, and legal parameters that are required in the
- DCreate a time-based bill of materials containing the supplies that need to be delivered each week.
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Topics
#Procurement Management#Procurement Planning#Legal & Regulatory Compliance#Contract Management