The procurement requirements for a project include working with several vendors. What should the project manager take into consideration during the Project Procurement Management processes?
Why "Complexity of procurement" is correct? It involves evaluating:
Number of contracts
Types of goods/services
Contract types (fixed price, T&M, cost-reimbursable)
Risk levels
Regulatory requirements
Vendor coordination and integration
Why the other options are incorrect or less suitable:
A. Work performance information
→ This is an output of monitoring processes, not something you consider up front during procurement planning.
B. Bidder conferences
→ This is a tool/technique used during the Conduct Procurements process, not a factor to consider across all procurement processes.
D. Procurement management plan
→ This is the output of the Plan Procurement Management process. It's created based on factors like complexity—not the factor itself.
The involvement of multiple vendors can significantly increase the complexity of procurement activities. Understanding and managing this complexity is crucial, encompassing aspects such as handling various contracts, ensuring coordination among vendors, managing different delivery schedules, and addressing potential conflicts or dependencies between vendors. The procurement management plan would also be crucial, but in this context, the complexity of managing multiple vendors is a significant consideration.
The answer is C:
from p 683 PMBOK 6th Ed.
X5.9 PROJECT PROCUREMENT MANAGEMENT
Considerations for tailoring project procurement management include but are not limited to:
- Complexity of procurement. Is there one main procurement or are there multiple procurements at different times with different sellers that add to the complexity of the procurements?
WPI makes more sense in Control Procurements. The question is more general so Procurement Management Plan should cover all.
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