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A consultancy firm is finally selected and contracted for a project following an extensive and competitive procurement process. A few months into project execution, the client asks the project manager why the consultant is contracted for only 18 months instead of the full 32-month-long project. The project manager will need to carry out an unplanned second bidding process to ensure services are in place until the end of the project. What should the project manager have done to prevent this?
Correct Answer: A
The best practice in project management, as per the PMBOKGuide, involves developing a comprehensive procurement management plan. This plan should detail all the necessary procurement activities, timelines, and resources required for the project. Having the client approve this plan ensures that both the project manager and the client have a mutual understanding of the procurement timeline and deliverables, which would prevent the scenario of an unexpected contract duration discrepancy. References: = A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition1.