Project Management Professional (PMP) Practice Exam

Question: 1 / 400

You are in the process of contacting sellers to obtain bids and proposals. You found out that it might become a time-consuming procedure to ensure that the sellers get a clear and common understanding of the procurement process and of the needs of your project. Which technique may help you save time?

Bidder conferences

Bidder conferences are the best option to save time in this scenario because they provide a platform for all potential sellers to come together and receive a clear understanding of the procurement process and project needs at the same time. This eliminates the need for individual meetings or communication, thus saving time. Options B (advertising) and C (qualified sellers list) do not necessarily involve direct communication with the sellers, so it may take longer for them to understand the procurement process and project needs. Option D (four-eyes meetings) involves a one-on-one meeting, which may be time-consuming if there are multiple potential sellers.

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Four-eyes meetings

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