Project Management Professional (PMP) Practice Exam

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Study for the Project Management Professional (PMP) exam. Study with flashcards and multiple choice questions. With over 500 questions. Practice the PMP practice multiple choice questions. Updated for 2023-2025. Get ready for your exam!

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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
Advertising
Qualified sellers list
Four-eyes meetings

The correct answer is: 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.