As a result of an internal assessment, the steering committee states that the company does...

When an organization lacks the internal resources or expertise to develop a specific feature, subcontracting is an effective procurement method. This involves hiring an external entity to perform the work, thereby filling the skill gap.

The CompTIA Project+ PK0-005 exam objectives, under Domain 1.11: Explain important project procurement and vendor selection concepts, list subcontracting as a procurement method:

"Resource procurement methods: Build, Buy, Lease, Subscription/pay-as-you-go."

CompTIA Project+ PK0-005 Exam Objectives

Subcontracting falls under the 'Buy' category, where services are procured externally to meet project requirements.