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Which process identifies whether the needs of a project can best be met by acquiring products, services, or results outside of the organization?
Correct Answer: A
Explanation/Reference: Explanation: Process: 12.1 Plan Procurement Management Definition: The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers. Key Benefit: The key benefit of this process is that it determines whether to acquire outside support, and if so, what to acquire, how to acquire it, how much is needed, and when to acquire it. Inputs 1. Project management plan 2. Requirements documentation 3. Risk register 4. Activity resource requirements 5. Project schedule 6. Activity cost estimates 7. Stakeholder register 8. Enterprise environmental factors 9. Organizational process assets Tools & Techniques 1. Make-or-buy analysis 2. Expert judgment 3. Market research 4. Meetings Outputs 1. Procurement management plan 2. Procurement statement of work 3. Procurement documents 4. Source selection criteria 5. Make-or-buy decisions 6. Change requests 7. Project documents updates