How to Get a Job For Project Managers

Learn how to write resume and interview

Leadership for Project Managers

Learn how to lead and drive project success.

Project Management Bootcamp

From a beginner to project management professional.

Agile Project Management and SCRUM with AI

Learn to run Scrum and Agile with AI.

Make-or-Buy Decisions

Choices about whether to obtain a required item from an external supplier or produce it within the organization.

Key Points

  • Compares in-house capability and capacity versus outsourcing to meet scope, cost, schedule, and quality needs.
  • Looks at total cost of ownership, including procurement, integration, operations, maintenance, and potential exit costs.
  • Evaluates risks such as supplier reliability, intellectual property, lead times, and strategic control.
  • Results feed the procurement management plan and may trigger solicitations or internal resourcing plans.

Example

A project needs a specialized analytics engine within four months. The team estimates that building it internally would take six months and require new tooling, while a reputable vendor offers a proven component with integration support. After analyzing cost, schedule, risk, and support, the team decides to buy the component and focus internal effort on integration and testing.

PMP Example Question

During planning, the team weighs whether to outsource a custom subsystem or develop it in-house to meet a tight deadline. What type of decision is this?

  1. Source selection
  2. Make-or-buy decision
  3. Contract type selection
  4. Procurement negotiation

Correct Answer: B — Make-or-buy decision

Explanation: The scenario is about choosing between external procurement and internal development, which defines a make-or-buy decision, not vendor selection, contract choice, or negotiation.

Advanced Lean Six Sigma — Data-Driven Excellence

Solve complex problems, reduce variation, and improve performance with confidence. This course is designed for professionals who already know the basics and want to apply advanced Lean Six Sigma tools to real business challenges.

This is not abstract statistics or theory-heavy training. You’ll use Excel to perform real analysis, interpret results correctly, and apply tools like DMAIC, SIPOC, MSA, hypothesis testing, and regression without memorizing formulas or relying on expensive software.

You’ll learn how to measure baseline performance, analyze process capability, use control charts to maintain stability, and validate improvements using statistical evidence. Templates, worked examples, and structured walkthroughs help you apply each concept immediately.

Learn through a complete, real-world Lean Six Sigma project and develop the skills to lead data-driven improvements with credibility. If you’re ready to move beyond basics and make decisions backed by data, enroll now and take your Lean Six Sigma expertise to the next level.



Launch your Agile career!

HK School of Management helps you master Agile and Scrum—faster. Learn practical playbooks, AI-powered prompts, and real-world workflows to plan smarter, deliver sooner, and keep stakeholders aligned. For the price of lunch, you’ll get templates, tools, and step-by-step guidance to level up your projects. Backed by our 30-day money-back guarantee—zero risk, clear path to results.

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