A project manager invites potential vendors to showcase how their product or service operates and aligns with the project's needs. Which vendor evaluation technique is the project manager using?
Reference Checking
Cost-Benefit Analysis
Technical Approach Review
Demonstration
The project manager is using the 'Demonstration' technique. This involves vendors presenting their product or service to illustrate its features, capabilities, and suitability for the project's requirements. It allows the project team to observe the product in action and assess its functionality directly. The other options represent different evaluation techniques: 'Cost-Benefit Analysis' compares the costs and benefits of options, 'Technical Approach Review' examines the vendor's proposed technical methods, and 'Reference Checking' involves contacting previous clients to assess performance.
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