What are four tools and techniques that could be used in pro

What are four tools and techniques that could be used in procurement of projects and how and when should they be used?

Solution

Tools and Techniques for Procurement Of Projects:

1 Make-or-buy analysis: This is a general management technique which can be used to determine whether a particular product can be produced cost-effectively by the own organization. Both sides of the analysis include indirect as well as direct costs. For example, the