Project Management Professional Practice Question

A project manager is preparing to negotiate a statement of work with a critical supplier. Before deciding on tactics, which activity should the project manager perform first to lay the foundation for an effective negotiation strategy?

  • Analyze the contractual boundaries and constraints for the upcoming negotiation

  • Assess the key priorities and determine the ultimate objectives for both parties

  • Verify that the agreed objectives of the draft project agreement have been satisfied

  • Participate in initial bargaining sessions to observe the other party's style

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