A project manager is leading the planning phase for a complex software development project. The project requires a specialized third-party module that the company must purchase. Given the project's aggressive timeline and the need for seamless integration, the project manager is tasked with determining the approach for acquiring this module. What should be the project manager's primary focus at this stage to develop an effective delivery solution?
Establishing key performance indicators (KPIs) and a monitoring system to manage the selected vendor's performance.
Analyzing the project's requirements and constraints to select the most appropriate delivery method and contract type.
Identifying and pre-qualifying potential software vendors to invite them to a bidder conference.
Drafting a comprehensive procurement management plan that outlines all goods and services for the entire project.
The correct action is to analyze project requirements, such as schedule and integration needs, to select the appropriate procurement delivery method and contract type. Developing a delivery solution involves deciding on the specific strategy for how the procured item will be delivered and integrated, which includes selecting the right delivery method (e.g., phased delivery) and contract type (e.g., fixed-price, time and materials) that align with project constraints and goals. Creating the overall procurement plan is a broader activity. Identifying suppliers and establishing performance metrics are parts of the 'Conduct Procurements' and 'Control Procurements' processes, respectively, which occur after the initial strategy and delivery solution have been planned.
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