Your healthcare IT project relies on an external vendor to deliver specialized biometric scanners critical for system integration. During mid-execution you conduct a contract performance review with the vendor's account manager. What is the primary purpose of actively managing that supplier relationship and contract throughout the project life cycle?
Ensuring the project receives necessary resources and services from external providers while meeting agreed-upon standards
Negotiating the lowest possible prices with suppliers
Actively managing suppliers and contracts aims to assure that external partners deliver the goods or services specified in the agreement, in the right quality, quantity, timeframe, and cost, so project objectives are met. It entails clarifying expectations, monitoring performance, and resolving issues so both parties meet contractual obligations. While price negotiations and cost control are elements of procurement, they are subordinate objectives rather than the overarching purpose. Preventing scope change is managed through integrated change control, not procurement management.
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