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CAPM · Question #172

Make-or-buy analysis is a tool and technique of which process?

The correct answer is B. Plan Procurement Management. Make-or-buy analysis is a specific tool used during procurement planning to decide whether to produce goods or services internally or purchase them externally.

Predictive, Plan-Based Methodologies

Question

Make-or-buy analysis is a tool and technique of which process?

Options

  • AConduct Procurements
  • BPlan Procurement Management
  • CAnalyze Procurements
  • DControl Procurements

How the community answered

(46 responses)
  • A
    2% (1)
  • B
    89% (41)
  • C
    2% (1)
  • D
    7% (3)

Why each option

Make-or-buy analysis is a specific tool used during procurement planning to decide whether to produce goods or services internally or purchase them externally.

AConduct Procurements

Conduct Procurements is the process of obtaining seller responses, selecting sellers, and awarding contracts - make-or-buy analysis is completed before this process begins.

BPlan Procurement ManagementCorrect

Make-or-buy analysis is a tool and technique of the Plan Procurement Management process per the PMBOK Guide. It helps the project team determine whether a particular product, service, or result is best produced by the project team or purchased from outside sources, informing procurement decisions before any solicitation begins.

CAnalyze Procurements

Analyze Procurements is not a recognized PMBOK process name; no such process exists in the standard procurement management process group.

DControl Procurements

Control Procurements focuses on managing procurement relationships and monitoring contract performance, occurring after the buy decision has already been made.

Concept tested: Make-or-buy analysis in Plan Procurement Management

Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok

Topics

#Procurement Management#Make-or-Buy Analysis#Project Processes#Tools and Techniques

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