During the Project Life Cycle, Project Managers Encounter Many Occasions

question 131

True/False

During the project life cycle, project managers encounter many occasions to employ their negotiating skills in interactions with the sponsor or customer, the project organization's management, subcontractors, vendors, and end users of the project's end product.The subject of negotiations can be contract terms and conditions, obtaining specific resources to staff the project, subcontractor prices, vendor delivery schedules, payment for damages, the cost or schedule impact of changes, customer approval of designs, the need for rework if quality standards were not met, the best approach to resolve a technical performance issue, interpretation of acceptance criteria or test results, approaches to get the project back on track if it is behind schedule and/or over budget, and so forth.

---

Definitions:

Pay Differential

The difference in payment rates based on factors such as job function, location, or hours worked.

Market Forces

Economic factors that influence the supply, demand, and pricing of goods and services without direct governmental intervention.

Exempt Employees

Managers, outside salespeople, and any other employees not covered by the FLSA requirement for overtime pay.

Pay Rates

The amount of money an employee receives for their work, often determined by hour, salary, or piece rate.