ITGSS Certified Technology Specialist

What is necessary to prepare in order to select the delivering party for a product or service?

1. Contracts and agreements

2. Evaluation standards

3. Project timelines

4. Cost-benefit analysis

The correct answer is: Evaluation standards

The selection of a delivering party for a product or service requires well-defined evaluation standards. This is essential because evaluation standards establish the criteria against which potential vendors or service providers will be assessed. These standards can include quality, reliability, capability, reputation, and past performance, among others. By having clear evaluation standards, an organization can ensure that it chooses a delivering party that meets its requirements and aligns with its objectives. In contrast, while contracts and agreements are vital for formalizing the relationship with the selected delivering party, they come into play after the selection process is completed. Project timelines also matter but relate more to the schedule of deliverables rather than the criteria used for selection. A cost-benefit analysis is important for understanding the financial implications of a decision but is secondary to the establishment of standards that guide the initial selection process. Thus, the focus on evaluation standards is crucial for making informed and effective selections.