Examining Make-or-Buy Analysis for Projects

Make-or-buy analysis

Examining Make-or-Buy Analyses for Projects

 

Make-or-buy analysis is a technique that is used to analyze various parameters, such as cost of making versus buying, capacity (based on size) of making, legal eligibility of making, and technical feasibility of making and determining whether it will be better to produce a product or service in-house or procure it from an outside seller.

 

Make-or-buy decisions can significantly impact project time, cost, and quality. In the case of a buy decision, you must also consider if the product needs to be purchased, leased, or rented.

Make-or-buy analysis

 

Typical example…

 

A multimedia company was required to deliver several days of training to a client on the operation of its flagship product.

 

The company’s project team had to decide whether to increase staff in order to develop the training material in-house or to outsource the work to a seller.

 

The company’s budget constraints and relative inexperience made it cost-effective to contract with an experienced outsource firm.

 

 

Now your take on this argument.

We would also like to hear what you feel about the topic we discussed today. Your feedback is very important to us. Feel free to drop your comments and recommendations. If you have a contrary opinion, you can drop that too.

You can also join our Facebook Page CRMNigeria for more updates. You can do that by clicking on the link or searching for our page on Facebook.

Click here to Download 5 E-Books that I have taken time to prepare for you.

These E-Books contain formulas that have helped many of my students to nail the PMP Exam at first attempt! You can also make use of this E-Books. If you have any question while using the material, feel free to shoot me a mail. I am committed to assisting you to nail your PMP exam. It’s a pledge. You can always count on me as a friend. 

PS: For like seven years since I started blogging I have tried many platforms and tools. Some worked and some of them performed below expectation. Here are some of the tools that I will gladly recommend for you any day, any time.

BEST AUTO SEO FOR JUST $1

BEST HOSTING AND DOMAIN SERVICE

BEST HOSTING IN NIGERIA (AFFORDABLE)

You can also download our Mobile App here.

Click here to Like our Page on Facebook

Follow us on Twitter

Domain names for just 88 cents!3 Major Roles of PMO in Projects 1
Action Point.
You need to confirm your subscription by clicking on the link sent to you. You can check the spam folder for it. Add us to your mailing list to receive directly from us.

PS: Click on the link below to sign up for my Online E-Course CRM Training. Make sure you confirm your subscription by clicking on the link sent to you. Thanks.

Adeniyi Salau PMP , CCNA R&S , CDMP, CEP, MOS, MCP, CSCU (Project 2016), Microsoft Certified Security and Networking Associate is a Google and Beingcert Certified Digital Marketer, Project Manager and SEO Expert of repute with about a decade of Blogging and online marketing experience. He is always ready to share his experience with others.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

CommentLuv badge