Should a Project Manager Get Involved in Contract Negotiations?

Interactive Video
•
Business
•
12th Grade - University
•
Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why should project managers lead contract negotiations instead of leaving it to procurement teams?
To ensure adherence to procurement rules
To avoid any involvement in technical issues
To focus on getting the right deal and address issues
To reduce the workload of procurement teams
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the project sponsor in contract negotiations?
To handle all technical issues
To finalize negotiations and secure concessions
To manage the project timeline
To enforce procurement policies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How should project managers and procurement teams work together?
By playing to each other's strengths for the project's benefit
By strictly following procurement rules
By avoiding any collaboration
By focusing solely on cost reduction
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common challenge in contract negotiations?
Adhering to established positions
Increasing project timelines
Focusing on innovation
Reducing project costs
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary responsibility of project managers in the context of negotiations?
To minimize the involvement of sponsors
To ensure strict adherence to procurement policies
To deliver the project with the envisaged benefits and value
To focus on reducing project scope
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