A project manager is about to negotiate a contract with a supplier. The project manager has prepared a list of objectives and identified the supplier's likely interests. What is the next step in the negotiation process?

Focus only on the project's objectives and ignore the supplier's interests

Make a final offer without discussion

Delay the negotiation until the supplier makes the first move

Communicate the project's objectives and listen to the supplier's perspective

What is the primary purpose of managing supplier relationships during a contract?

To monitor the supplier's financial health

To foster a collaborative partnership and resolve issues promptly

To prepare for contract closure

Project Management Professional (PMP)

Domain 2Objective 5

Task 5 Plan and Manage Procurement PMP Practice Questions (Page 8)

Part of the Process domain, which accounts for 41% of the PMP exam. PMI does not publish an official question count, but from its 230-minute exam (~90–155 total, ~37–64 in this domain), expect 4–6 from this objective — we provide 38 practice questions to prepare you well beyond it. (estimate)

38questions here

8free pages

10concepts

41%of the exam

Questions 36–38

36application · medium
A project manager is about to negotiate a contract with a supplier. The project manager has prepared a list of objectives and identified the supplier's likely interests. What is the next step in the negotiation process?
Select an answer first
37foundation · easy
Which document is an output of the Conduct Procurements process that formally records the agreement between the buyer and seller?
Select an answer first
38foundation · easy
What is the primary purpose of managing supplier relationships during a contract?
Select an answer first

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Task 5 Plan and Manage Procurement PMP Practice Questions (Page 8)

Questions 36–38

A project manager is about to negotiate a contract with a supplier. The project manager has prepared a list of objectives and identified the supplier's likely interests. What is the next step in the negotiation process?

Which document is an output of the Conduct Procurements process that formally records the agreement between the buyer and seller?

What is the primary purpose of managing supplier relationships during a contract?

Keep studying — Process