CompTIA Project+ PK0-005 Practice Question

Using prequalified vendors/sellers reduces project risk by choosing vendors with proven track records and reliability. This selection process ensures that vendors have already met certain standards, which can lead to better quality and fewer issues during the project. While using prequalified vendors may streamline some procurement steps (option B), it does not necessarily minimize procurement procedures significantly. The cost savings due to existing agreements (option C) is not guaranteed, as prequalified vendors are not necessarily the lowest-cost option. Option D is incorrect because prequalification does not allow flexibility in bypassing standard procurement procedures; it operates within those procedures to ensure quality vendors are chosen.