Question: Please help. I need some explanation 1. a. Project managers must frequently decide whether to obtain needed products and services from internal sources or from

Please help. I need some explanation

1. a. Project managers must frequently decide whether to obtain needed products and services from internal sources or from external sources. This decision is often referred to as the make or buy decision. Briefly identify and explain at least three reasons that support the decision to make the products and at least three reasons that support the decision to buy the products. (5 points)

b. What is the difference between a request for quotation (RFQ) and a request for proposal (RFP)? (5 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The discussion will focus on management decision-making and control in two companies, American corporation Amazon.com, Inc. and Chinese company Alibaba Group Holding Limited. Decision-making and...

Chapter 13. Organizational Communication1 By Kathryn A. Baker Managers have traditionally spent the majority of their time communicating in one form or another (meetings, face-to-face discussions,...

Read the case study and answer the following: Who are the key stakeholders in this case? Chapter 9 Information Technology Setback: Heartland Healthcare System Jack Moore had been frustrated...

Find the summary of significant accounting policies that appears following the financial statements. In these policies, find examples of the application of going concern and accrual accounting....

Please refer to the above information and answer step 2 of Part 2 Part 2 - Capital Budgeting (60 marks) 1800 words EH Logistics is a package handling company that provides service to an e-commerce...

# Capital Budgeting EH Logistics is a package handling company that provides service to an e-commerce company MS Incorporated which is just like Amazon. EH Logistics is a fairly new company in the...

PROGRAMME HANDBOOK: JANUARY 2016 INTAKE ASSIGNMENT 2: HUMAN RESOURCES DEVELOPMENT Read the case study below and answer the questions that follow. National HRD in Finland, Russia, and South Africa...

PROJ6000: Principles of Project Management Assessment Assessment 2 - this is actually a case study and its called a Individual Report: PMBoK versus PRINCE2 or Agile in contemporary projects . so one...

this is my assessment which are am going to send you and i need some things about my assessment : Adding some more detail and diving into the case study a bit deeper would really make your points...

Bunker Corp. has the following beginning-of-year present values for its accrued benefit obligation, and fair values for its pension plan assets: The average remaining service life per employee in...

Lindstrom Company produces two fountain pen models. Information about its products follows: Product A $ 95,000 38,000 $ 57,000 Product B $145,000 52,200 $ 92,800 5,000 5,000 Sales revenue Less:...

Doreen will graduate from State University this year She has accumalated $ 6 9 , 0 0 0 in student loans duing her four years at college. An accountant would classify the loans as Multiple Choice...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...