Explain the importance of planning (i.e., Plan Procurement Management as described in Part 1, Section 12.1.2 of the PMBOK Guide) as a foundational activity in the procurement process in a two- to three-page paper (cover page and reference page are required and not included in the page count) and using your research skills address the following

Explain the importance of planning (i.e., Plan Procurement Management as described in Part 1, Section 12.1.2 of the PMBOK Guide) as a foundational activity in the procurement process in a two- to three-page paper (cover page and reference page are required and not included in the page count) and using your research skills address the following:

Explain what is Make-or-Buy analysis?
What can happen if procurement processes are built on poor planning?
What are the benefits of a Make-or-Buy analysis?
Provide an example of a procurement process used by a project-based organization found via the web or the CSU Global Library that demonstrate a proper use of the Plan Procurement Management. What do you like about the example?

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