During negotiations to finalize a project agreement, the project manager observes that both the internal team and an external vendor appear generally satisfied with the draft terms. Which action should the project manager take before moving forward?
Document the perceived consensus and seek executive approval without further analysis.
Assess and confirm each party's priorities and ultimate objectives before finalizing the agreement.
Shift focus to relationship-building activities because the terms already appear acceptable.
Move directly to contract signing to avoid prolonging discussions.
Even when all parties seem to agree, best practice requires the project manager to confirm each side's priorities and the ultimate objectives of the agreement. This step prevents hidden assumptions or unmet expectations from surfacing later and aligns the negotiated terms with the project's goals. Skipping the validation could leave ambiguities that jeopardize delivery or stakeholder satisfaction.
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Why is it important to confirm each party's priorities and objectives before finalizing an agreement?
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