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CAPM Certification Practice Test 7
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Question : 34
Total: 50
The Project Management Head intends to hand over an infrastructure project to Tom, the project manager. But within the senior management of the organization, there are varied views about this project; some senior management people in the organization are against taking up the project because they feel that it is better to buy the same product from an outside source while, others feel that building the product in-house is a better option. Which of the following tools will help Tom decide whether the product should be purchased or developed in-house?
Make-or-Buy Analysis
Fishbone model
Ishikawa diagram
ROI Analysis
Validate
Solution:
Correct Answer is 'A'. Make-or-Buy analysis is a general management technique used to determine whether particular work can best be accomplished by the project team or must be purchased from outside sources.
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