1) List the factors that to consider when a make-or-buy decision needs to be made.  Give examples. 
2) Many experts consider time and material contracts to be a good example of how a win-win outcome of the negotiation between the buyer and seller.  Explain why time and material contracts are considered to be beneficial to the buyer and the seller.  Give examples.  
3) List all the requirements of the "Plan Procurement Management" process, and briefly describe the importance of each.  Give examples.
4) You are a Project Manager who needs to hire a software vendor.  The project is Regulatory, meaning that the project must complete by February 2023 to meet Legal requirements.  It is currently September 2022.   What factors will you consider when deciding on a vendor?

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1 Factors to Consider in a MakeorBuy Decision Cost Assessing the costs associated with producing the product or service inhouse versus purchasing it from an external vendor For example a company may c... View the full answer