Examice

Exam PMP All QuestionsBrowse all questions from this exam

Question 929

In the execution phase of a large construction project, the contracted logistic company decided to increase their price as a result of unavailability of shipping containers. What should project manager do?

Assess the impact of the price increase given by the logistic company and follow the contract and global guidelines for this situation.

Agree to absorb the price increase because the unavailability is beyond the control of the logistic company.

Abandon the contract with the logistic company and look for another company that has not increased their prices.

Explain to the logistic company that an increase in price is not acceptable because they signed a contract.

Correct Answer: A

In the execution phase of a large construction project, if the contracted logistic company decides to increase their price due to factors like the unavailability of shipping containers, the project manager should assess the impact of the price increase and follow the contract and global guidelines for such situations. This approach ensures that any actions taken are in compliance with the established contract, which helps in maintaining a professional and legally sound stance. It also allows the project manager to evaluate the financial implications comprehensively before making a decision, ensuring that the best interests of the project are preserved.

Discussion

martinx84Option: A

Assess the impact

517f9daOption: A

A. Assess the impact of the price increase given by the logistic company and follow the contract and global guidelines for this situation. Explanation: Evaluating the impact of the price increase and adhering to the terms and guidelines of the contract ensures that the project manager takes a measured approach, considering all contractual obligations and potential implications for the project. This process allows for informed decision-making and appropriate actions based on the contract and guidelines.