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Question of the Day #390

390. You and your project members are performing the make-or-buy analysis. In which of the following situation would you consider a "make" decision?

1. The project involves many business secrets.

2. The cost for the project is very small.

3. It is required by the seller.

4. The organizational resources are limited.


　

Answer and Explanation to Yesterday's Question

Answer :
1.A contract based on risk analysis.
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Question Explanation:

Although there are many factors worth noting when selecting contractual terms and conditions, project risk is the most important to be considered. Therefore, before the project manager drafts a contract, the risk management procedure has to be completed, because it can be helpful in identifying and selecting a suitable contract that reduces the possible risks.

Source of Answer : PMP Exam Prep 5th Edition, Rita Mulcahy, PMP, pages : 371