You are beginning a new project and a portion of the development will be created by a foreign company. You are not sure how to do business with this company because it is offshore. What document would

The correct answer is A. Company?s policies and procedures. When engaging in business with an offshore company, your own company's policies and procedures (A) are the primary governing document. They define acceptable business practices, procurement rules, legal compliance requirements, and vendor engagement standards that apply to all yo

Program Governance

Question

You are beginning a new project and a portion of the development will be created by a foreign company. You are not sure how to do business with this company because it is offshore. What document would be best to guide you in this business?

Options

ACompany?s policies and procedures
BPMI Code of Conduct
CLocal laws of the offshore company
DHistorical information from past projects

How the community answered

(32 responses)

A
78% (25)
B
13% (4)
C
6% (2)
D
3% (1)

Explanation

When engaging in business with an offshore company, your own company's policies and procedures (A) are the primary governing document. They define acceptable business practices, procurement rules, legal compliance requirements, and vendor engagement standards that apply to all your company's dealings - including international ones. The PMI Code of Conduct (B) provides ethical guidance but not operational business procedures. Local laws of the offshore company (C) are a secondary concern and typically handled by legal teams. Historical information (D) may provide context but does not govern how business must be conducted. Your company's policies and procedures serve as the operational framework for engaging any vendor.

Topics

#Procurement Management#Organizational Process Assets#Offshore Sourcing#Program Governance

Community Discussion

No community discussion yet for this question.

Full PGMP Practice