ExpertPMP · Question 35 · Task 11: Plan and manage procurement
A project manager is working with a procurement team to select a vendor for a critical project component. Three vendors have submitted proposals, and the evaluation criteria include technical capability, cost, and delivery timeline. One vendor has the best technical solution and timeline but is 30% more expensive than the others. The other two vendors meet minimum requirements but have less impressive technical approaches. What should the project manager do?
A project manager is working with a procurement team to select a vendor for a critical project component. Three vendors have submitted proposals, and the evaluation criteria include technical capability, cost, and delivery timeline. One vendor has the best technical solution and timeline but is 30% more expensive than the others. The other two vendors meet minimum requirements but have less impressive technical approaches. What should the project manager do?
Answer options:
Select the lowest-cost vendor to maximize project budget efficiency
Choose the vendor with the best technical solution regardless of cost
Conduct a comprehensive evaluation considering all criteria and their relative importance to project success
Negotiate with the expensive vendor to reduce their price to match the others
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