A Project Manager Is Managing a Transactional Project

question 249

Multiple Choice

A project manager is managing a transactional project. One of the key team members is having difficulties understanding the client requirements. Which of the following actions would be BEST for the project manager to take?

• A) Ask the client to provide additional language resources to the team.
• B) Purchase a language translation program.
• C) Hire a translator to help the key team member
• D) Ask the client to provide requirements in the native language of the team.

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Definitions:

Auctions

Competitive bidding processes where goods or services are sold to the highest bidder.

Winner's Curse

The tendency of auction winners to have paid more than the item's actual value, often due to competitive bidding and overestimation of worth.

Bid Shading

A strategy in auctions where bidders intentionally bid lower than their actual value to increase the chance of winning at a lower price.

Bid-rigging

A form of fraud where competitors conspire to determine the winner of a bidding process, undermining fair competition.