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
The project manager should begin by identifying and prioritizing the desired outcomes for all parties. Clarifying these ultimate objectives establishes a clear target and informs subsequent choices about concessions, boundaries, and tactics. Analyzing constraints is also useful, but it is guided by the objectives just set. Participating in bargaining or verifying agreement results occur later, after the strategy is defined.
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Why is assessing priorities and objectives critical in a negotiation strategy?
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What role do 'bounds of negotiation' play compared to setting priorities?
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How does verifying objectives differ from establishing them in negotiations?
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