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Planning project procurements usually require input from the project management plan, project requirements, and identified risks. From this planning, guidance on make-or-buy decisions is developed. Another outcome of the procurement planning is the procurement management plan as well as guidance on source selection criteria. It's important to know this is planning; there are separate efforts for conducting, controlling and closing procurements

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CRITICAL SUCCESS FACTORS SURVEY

Critical Factor #1: Procurement Management Plan
Statement #1

For managing complex projects, a Procurement Management Plan is an important project artifact to create.

Statement #2

The scope statement within the project management plan is used to develop the procurement management plan.

Statement #3

A fixed price contract is one important type of contract that can be used for project procurements.

 

Critical Factor #2: Make-or-Buy Decisions
Statement #4

There are direct costs of the make-or-buy decision to analyze, as well as indirect costs and other costs to consider.

Statement #5

Quantitative analysis of costs, and qualitative analysis of reliability and sustainability are aspects of the make-or-buy analysis.

Statement #6

Cost estimates for this task are $1,000,000 for in-house development. The cost estimate for outsourcing is similar. A make-or-buy analysis is:

 

Critical Factor #3: Choosing a Source
Statement #7

Cost, Reliability, Feasibility, and Capability are all valid criteria for choosing a procurement source.

Statement #8

Scoring prospective sources for multiple criteria is a method for evaluating offered proposals.

Statement #9

A criterion for selection is the cost of the source.

 

Critical Factor #4: Procurement Risk
Statement #10

The selected vendor has the needed services for the project. For project planning, the lead times provided by the vendor are used in project scheduling.

Statement #11

Missed delivery dates by vendors cause immediate delays to the established project schedule.

Statement #12

The risks in procuring external project resources include cost and schedule.

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