Is one of the nine PMBOK® areas
Focuses on the acquisition and management of outside products and services
Project teams require resources and many of these resources must be acquired externally
E.g., office supplies, technology, printing services, etc.
Organizations can also outsource entire business functions and business processes
E.g., data centers, call centers, accounting functions, and projects
Outsourcing was commonly called “subcontracting”
Project teams can be outsourcing buyers and sellers