PMP Exam Dumps | During the service procurement process for a strategic project, only one bidder submitted a bid. The

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Question 477/498

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?

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.

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The project's life cycle is def...; Question 385: A project manager works at an organization that is transitio...; Question 386: A client wants to create an innovative software for the trav...; Question 387: A company is initiating a project to enhance one of its exis...; Question 388: A project team is in the planning stage and has prepared a l...; Question 389: In a project, one team member has been asking for directions...; Question 390: During a project's closing phase, the project manager identi...; Question 391: A project manager is using a hybrid approach to comply with ...; Question 392: One of the team members is always late to the daily standup ...; Question 393: A company has rolled out the latest retail management system...; Question 394: A project manager meets with the development team to estimat...; Question 395: The team is working on a critical project deliverable and th...; Question 396: A pharmacy needs to launch a medication delivery service. An...; Question 397: The project charter was just approved and the project sponso...; Question 398: A project manager and project team developing a new product ...; Question 399: A project manager has a team of shared resources from other ...; Question 400: During the implementation of a project, the project team dis...; Question 401: A project manager is assigned to a new marketing campaign. T...; Question 402: Eight highly qualified experts have been assembled to work f...; Question 403: An agile project manager notices that one of the team member...; Question 404: The project manager of a large construction project discover...; Question 405: A new project needs to be kicked off in an organization that...; Question 406: A project team's performance is being impacted by impeding i...; Question 407: A project manager is working with the product owner and cust...; Question 408: A technical subject matter expert (SME) identifies an occurr...; Question 409: A multicultural team is working on a project. After a few mo...; Question 410: A project manager has experience working with a specific pro...; Question 411: A project manager is managing a project in a fast-paced envi...; Question 412: Most of the work packages for a project are subcontracted. I...; Question 413: After releasing the first deliverable of the project, one of...; Question 414: An organization is adopting an agile mindset. On the first a...; Question 415: A project manager is leading a product feature rollout that ...; Question 416: Drag and Drop Question A project manager for a government or...; Question 417: A project manager has access to risk management tools but ch...; Question 418: A construction project to build a fish hatchery is in execut...; Question 419: After sending an on-site meeting invitation to seven people ...; Question 420: A project manager is leading a hybrid project and is collabo...; Question 421: One of the team members is consistently absent in team meeti...; Question 422: During a project, the project manager finds an opportunity t...; Question 423: During the daily meetings with the team the project manager ...; Question 424: An organization is transitioning to an agile project deliver...; Question 425: An agile team member received certification on a new tool; h...; Question 426: It is late at night on a weekend when a team member calls th...; Question 427: A project charter has been approved and the project manager ...; Question 428: An iteration is almost finished, but the team is struggling ...; Question 429: A project manager at a large corporation has been assigned t...; Question 430: From previous lessons learned working with a client, a proje...; Question 431: A product owner is invited to a sprint review meeting. At th...; Question 432: A project manager is managing an agile project for the first...; Question 433: A consultancy firm is finally selected and contracted for a ...; Question 434: A company has a transformation project in progress. During a...; Question 435: A project manager has been asked to lead a project. The perf...; Question 436: Early in the execution phase, a project manager discovers th...; Question 437: A project manager is leading a digital transformation projec...; Question 438: A project manager is managing the transition to operations. ...; Question 439: An agile team has released the second version of its product...; Question 440: After signing an agreement with a vendor, the project manage...; Question 441: A project team is transitioning to agile delivery. The team ...; Question 442: An agile leader is working on a complex project that is ente...; Question 443: Project acceptance criteria include on-site training for the...; Question 444: A team has been working for two months and has consistently ...; Question 445: A key project team member had an accident and will be in the...; Question 446: During a documentation audit of an international company, it...; Question 447: A project manager is leading a team that is new to agile. Du...; Question 448: The project manager has learned that the project sponsor is ...; Question 449: A project manager is reviewing the requirements of a large p...; Question 450: A project manager is assigned to a technical research projec...; Question 451: A project is in the later stages of execution. The project e...; Question 452: A project manager is managing a new type of project for a tr...; Question 453: During a retrospective meeting a project manager hears that ...; Question 454: Two members of a new project team disagree on the best appro...; Question 455: A project team member is sick and will not be able to return...; Question 456: Having managed a similar project while working with previous...; Question 457: At a daily standup on the second day of the sprint, the prod...; Question 458: A project manager finds a mistake with an important server a...; Question 459: A bank is considering building another branch in one of thre...; Question 460: A project manager is leading a project in an organization th...; Question 461: The project team follows a hybrid framework for its delivery...; Question 462: A project team is finishing a sprint to deliver a key delive...; Question 463: During a project meeting, the project manager expressed the ...; Question 464: A newly formed project team includes team members who have b...; Question 465: During the execution of a construction project, one of the n...; Question 466: A project manager is launching an agile project with team me...; Question 467: A project manager is transitioning from a predictive life cy...; Question 468: A project manager has been managing a highly complex project...; Question 469: A project lead is managing a construction project in an isol...; Question 470: A project manager meets with external stakeholders to explai...; Question 471: During the course of a project, the project manager's immedi...; Question 472: A project manager received the project charter for a new pro...; Question 473: A project manager is executing a large project with many sta...; Question 474: A project manager is working on a software development proje...; Question 475: A project manager just completed a successful deployment and...; Question 476: A project manager has recently taken over a project and noti...; Question 477: During the service procurement process for a strategic proje...; Question 478: A company's project management office (PMO) is incorporating...; Question 479: A project manager is defining the sprint goals with the team...; Question 480: After completion of a project with specific users in various...; Question 481: A project for a new product launch is in a very initial stag...; Question 482: A research and development team is finishing up a two year i...; Question 483: A project manager is working on a hybrid project that has be...; Question 484: A project presently in the testing stage is nearing the clos...; Question 485: A project manager is assigned midway through a project. The ...; Question 486: An agile team is working on a project that will be launched ...; Question 487: During a project's initiation phase, a lessons learned shari...; Question 488: A project manager is in a team meeting and the project team ...; Question 489: A project manager joins a team that is providing a customize...; Question 490: A new project manager is assigned to a project midway throug...; Question 491: A project is on its second iteration out of six. The team re...; Question 492: A project has met the agreed-upon product requirements and i...; Question 493: For the purposes of quality assurance, a quality audit was c...; Question 494: A project manager who is working with a virtual team needs t...; Question 495: A new project needs to be submitted for urgent funding appro...; Question 496: A customer is concerned with the quality of the product deli...; Question 497: A project manager is managing a government project that targ...; Question 498: In a software development project, some of the deliverables ...

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