Seller

An external party that provides goods, performs services, or delivers specific outputs to a buying organization.

Key Points

  • Typically a vendor, contractor, or consultant engaged by a buyer organization.
  • Works under a procurement agreement that defines scope, schedule, cost, and quality expectations.
  • Selected through methods such as bids, proposals, or direct negotiation.
  • Accountable for meeting contract requirements and managing risks assigned to the seller.

Example

A company hires a software firm to build a reporting module under a fixed-price contract. The software firm is the seller responsible for delivering the module that meets the agreed specifications and deadline.

PMP Example Question

Which term best describes an external company that delivers contracted project outputs to your organization?

  1. Seller
  2. Buyer
  3. Sponsor
  4. Project team

Correct Answer: A — Seller

Explanation: A seller is an external provider that supplies goods, services, or deliverables to the buying organization under a contract.

Advanced Project Management — Measuring Project Performance

Move beyond guesswork and status reporting. This course helps you measure real progress, spot problems early, and make confident decisions using proven project performance techniques. If you manage complex projects and want clearer visibility and control, this course is built for you.

This is not abstract theory. You’ll work step by step through Earned Value Management (EVM), learning how cost, schedule, and scope come together to show true performance. You’ll build a solid foundation in EVM concepts, understand why formulas work, and learn how performance data actually supports leadership decisions.

You’ll master Work Breakdown Structures (WBS), control accounts, and budget baselines, then apply core EVM metrics like EAC, TCPI, and variance analysis. Through a detailed real-world example, you’ll forecast outcomes, analyze trends, and understand contingencies and management reserves with confidence.

Learn how experienced project managers monitor performance, communicate results clearly, and take corrective action before projects slip. With practical exercises and hands-on analysis, you’ll be ready to apply EVM immediately. Enroll now and start managing performance with clarity and control.



Launch your career!

HK School of Management provides world-class training in Project Management, Lean Six Sigma, and Agile Methodologies. Just for the price of a lunch you can transform your career, and reach new heights. With 30 days money-back guarantee, there is no risk.

Learn More