PMI Project Management Professional Practice Question
You are managing a large construction project when you learn that the supplier for a critical set of materials has been acquired by another company. These materials are unique and vital for your project's completion. According to best practices in 'Project Procurement Management', what is the FIRST step you should take?
Review the procurement documents and any existing agreements to assess the implications of the supplier's acquisition on project deliverables.
Search for an alternative supplier or manufacturer.
Continue with the project, as the acquisition will not affect the supply of materials due to contractual requirements.
Cancel the material order and request a refund due to the acquisition in accordance with standard licensing agreements.