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Seller

An external party that provides goods, performs services, or delivers specific outputs to a buying organization.

Key Points

  • Typically a vendor, contractor, or consultant engaged by a buyer organization.
  • Works under a procurement agreement that defines scope, schedule, cost, and quality expectations.
  • Selected through methods such as bids, proposals, or direct negotiation.
  • Accountable for meeting contract requirements and managing risks assigned to the seller.

Example

A company hires a software firm to build a reporting module under a fixed-price contract. The software firm is the seller responsible for delivering the module that meets the agreed specifications and deadline.

PMP Example Question

Which term best describes an external company that delivers contracted project outputs to your organization?

  1. Seller
  2. Buyer
  3. Sponsor
  4. Project team

Correct Answer: A — Seller

Explanation: A seller is an external provider that supplies goods, services, or deliverables to the buying organization under a contract.

Project Management Bootcamp

Embark on a transformative journey with our Project Management Bootcamp at HK School of Management. Elevate from beginner to pro using the latest PMBOK and Process Groups Practice Guide. Our unique, engaging approach makes learning interactive and fun, replacing dull slides with dynamic doodles and real-life scenarios.

This hands-on program includes working on two full project plans. The first evolves as you learn, while the second culminates in a comprehensive plan, solidifying your expertise. You'll navigate real-world challenges, backed by quizzes and in-depth analysis, avoiding common pitfalls and setting you on a path to success.

Enhance your learning with downloadable materials and templates, invaluable for your future projects. The course covers essential topics like PMI, PMO, PMBOK, and project management ethics, delving into critical process groups and key areas such as scope, schedule, cost, and stakeholder management.

Learn from seasoned professionals and join a community of enthusiastic lifelong learners. Ready to master project management and lead with confidence? Enroll now and start your transformation!



Lead with clarity, influence, and outcomes.

HK School of Management brings you a practical, no-fluff Leadership for Project Managers course—built for real projects, tight deadlines, and cross-functional teams. Learn to set direction, align stakeholders, and drive commitment without relying on title. For the price of a lunch, get proven playbooks, and downloadable templates. Backed by a 30-day money-back guarantee—zero risk, high impact.

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