PK0-003 · Question #456
Which of the following processes incorporates the make-or-buy analysis?
The correct answer is A. Procurement management. The make-or-buy analysis is a fundamental technique within project procurement management to determine whether specific products, services, or results should be obtained internally or externally. This decision impacts how project deliverables are sourced and executed.
Question
Which of the following processes incorporates the make-or-buy analysis?
Options
- AProcurement management
- BRisk management
- CQuality management
- DScope management
How the community answered
(18 responses)- A94% (17)
- C6% (1)
Why each option
The make-or-buy analysis is a fundamental technique within project procurement management to determine whether specific products, services, or results should be obtained internally or externally. This decision impacts how project deliverables are sourced and executed.
Make-or-buy analysis is a key technique used in the Plan Procurement Management process. It involves determining whether to produce products or services in-house using the project team or to purchase them from an outside source. This decision directly informs procurement strategies.
Risk management identifies, analyzes, and plans responses for project risks, but does not primarily involve deciding whether to make or buy components.
Quality management focuses on ensuring the project and its deliverables meet specified quality standards, not on the make-or-buy decision for project components.
Scope management defines and controls what is and is not included in the project, but the make-or-buy decision is a subsequent step regarding how the defined scope will be delivered.
Concept tested: Project Procurement Management - Make-or-buy analysis
Topics
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