Situation:

You work for an automobile industry.

Your organization has initiated a project to upgrade the cars.
The sponsor has appointed you as the Project Manager. For this project, one of the requirements is
special electronic auto parts.
Your organization has the capability to produce these auto parts. However, during the planning phase,
some stakeholders suggest that the production of the auto parts can be outsourced.
You feel that there is a risk associated with this; you decide to use the decision tree tool to figure out
whether it is better to outsource this or do it yourself.
After brainstorming with the team, you identify the following values and the risks associated.

Procurement Management Plan - Statement of Work

Description of Procurement Item

Specification, Quality Requirements and Performance Metrics
Description of Collateral Service Requirements
Acceptance Criteria
Performance data
Quality
Period and Place of performance
Currency, Payment Schedule
Warranty

Project Charter

Project Purpose
Measurable project outcomes and related success Criteria
High Level Requirements
High level project description, boundary and key deliverable
Overall project risk
Summary Milestone schedule
Pre-approved financial resources
Key stakeholder list
Project approval requirements
Project Exit Criteria
Approved Project Manager, responsibility and authority level
Name and authority of Sponsor or the person approving the project Charter