Exam CAPM topic 1 question 267 discussion

B. Plan Procurement Management When product requirements specify a functionality that depends on expertise that is unavailable internally and a decision needs to be made regarding whether to make the product in-house or buy it from an external source, the appropriate process to implement is "Plan Procurement Management." In this process, the project team evaluates the various procurement options, including make-or-buy decisions. It involves determining whether it's more advantageous to procure the required expertise externally through contracts or to develop it internally. The process helps in defining the procurement strategy, identifying potential sellers, and establishing the criteria for selecting the right approach, which includes the make-or-buy decision.