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12 - PROJECT PROCUREMENT MANAGEMENT

12.2.1.5 Project documents

Described in Section 11.5.3.2. Project documents that are often considered include the risk-related contract
decisions included within the risk register.

12.2.1.6 Make-or-Buy decisions

Described in Section 12.1.3.5. Organizations procuring goods or services analyze the need, identify resources,
and then compare procurement strategies when deciding to buy. Organizations also evaluate the need of buying
products versus making the items themselves. Factors that influence make-or-buy decisions may include:

• Core capabilities of the organization,
• Value delivered by vendors meeting the need,

• Risks associated with meeting the need in a cost-effective manner, and
• Capability internally compared with the vendor community.

12.2.1.7 Procurement Statement of Work

Described in Section 12.1.3.2. The procurement statement of work provides suppliers with a clearly stated set
of goals, requirements, and outcomes from which they can provide a quantifiable response. The statement of work
is a critical component of the procurement process and can be modified as needed through this process until a final
agreement is in place. The statements of work may include, but are not limited to:
• Specifications,

• Quantity desired,
• Quality levels,

• Performance data,
• Period of performance,

• Work location, and
• Other requirements.

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