10A - Collect Project Procurement Inputs

Question 1

The management of processes involved in acquiring the necessary products and services from outside the project team.

Answer 1

procurement management

Question 2

Moving beyond the organization to secure services and expertise from an outside source on a contract or short-term basis

Answer 2

outsourcing

Question 3

A technique that is used to determine whether it will be better to produce a product or service in-house or to procure it from an outside vendor.

Answer 3

make-or-buy analysis

Question 4

Business analysis that determines the most cost-effective way to procure the necessary equipment for a project.

Answer 4

lease, rent, or buy decision

Question 5

A legal contractual agreement between two or more parties to form a partnership, joint venture, or other arrangement as defined by the parties to meet the requirements of a business opportunity.

Answer 5

teaming agreements

Question 6

Descriptions of the work to be done or the service or product to be provided; they define the requirements that must be met in exacting detail.

Answer 6

specifications