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.
Question
Options
- AConduct Procurements
- BPlan Procurement Management
- CAnalyze Procurements
- DControl Procurements
How the community answered
(46 responses)- A2% (1)
- B89% (41)
- C2% (1)
- D7% (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.
Conduct Procurements is the process of obtaining seller responses, selecting sellers, and awarding contracts - make-or-buy analysis is completed before this process begins.
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.
Analyze Procurements is not a recognized PMBOK process name; no such process exists in the standard procurement management process group.
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
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