Exam CAPM topic 1 question 267 discussion

Why not the others? A. Conduct Procurements – This happens after the decision to buy has been made and focuses on obtaining responses and selecting a seller. C. Plan Risk Responses – Focuses on identifying actions to address risks, not on making sourcing decisions. D. Plan Risk Management – Establishes how risk management will be conducted, not decisions on acquiring external expertise. ✅ So, B. Plan Procurement Management is the correct answer.

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.